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47/164-172 Spence Street, Bungalow

SOLD for $350,000

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Top Floor City Apartment - FOCUS ON SPENCE

For the owner occupier or for the investor, this fantastic breezy top floor apartment forms part of the contemporary Focus On Spence complex. Located at the rear overlooking Barlow Park sports field you don't feel overlooked or part of a large complex. With direct access to the Cairns CBD and Esplanade, choose between a comfortable CBD resort lifestyle or a secure managed investment.

Featuring an open plan breezy living area with direct access to a large balcony that can be enclosed with plantation shutters. Master bedroom features an ensuite, guest bedroom is adjacent to the main bathroom for convenience and also has its own private balcony, perfect setup for a flatmate.

FACTS & FIGURES:
Lots in Complex: 48
Unit Size: 110sqm
Body Corp Fees: $5,608 per annum
Council Rates: $2,760 per annum
Sinking Fund: $129,075 credit
Admin Fund: $88,570 credit
Rental Potential: $510 per week
ROI: 5.2% NET on $350,000 @ $510/week

All information contained herein is gathered from sources we believe to be reliable. This Office and its Agent provide no guarantees or undertakings concerning the accuracy, completeness, or current nature of the information and disclaim all liability in respect of any errors, inaccuracies or misstatements contained herein. Prospective purchasers must undertake their own due diligence, enquiries and assume various searches to verify the information contained herein.

Features

Deck in-Ground Pool

Details

Address 47/164-172 Spence Street, Bungalow
Price SOLD for $350,000
Property Type Residential
Property ID 119
Category Unit
Floor Area 110 m2

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Karl Latham

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Andrea Rolley

0458 987 794

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