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25-27 Pioneer Street Manoora, QLD 4870

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25-27 Pioneer Street,
Manoora, QLD 4870

Development Sites & Land • Hotel, Motel & Leisure

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Map of 25-27 Pioneer Street

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Great Income Producing Opportunity

Pioneer boarding house provides medium to long term accommodation for workers, students and pensioners. The masonry block building contains 11 rooms, commercial kitchen, TV room, communal toilet and bathrooms. The managers quarters is fully self contained with its own kitchen, bedroom and en-suite.The whole property sits on an impressive 1600m² of prime residential 3 land.

It is fully licensed from Cairns City Council and Department of Housing Queensland for 11
residents plus manager. Being fully compliant in all area from smoke alarms, fire extinguishers and fire retardants.

"Pioneer Boarding House" aims to provide top quality affordable accommodation to their tenants. All the rooms come fully furnished with a bed, individual fridge, computer desk & chair, air-conditioned and small wardrobe. In the communal area there is dinning and entertainment/tv facilities for the tenants. Combined with large commercial grade kitchen offers ample food preparation areas. Coin operated washing machine and dryers are provided for tenants and in turn generate a small income.

The on-site caretaker manages the business in exchange for accommodation.

Currently in place are all approvals and D.A & B.A to build a further 21 Rooms on the remainder of the block. drawings are available along with a income forecast projections.

At present the Gross income is $93,000/ annually with potential to be in excess of $230,000/annually after second stage has been developed.

W.I.W.O all plans and approvals available to the successful purchaser.

Inspection are a must and can be easily arranged if you have any questions please call anytime

Manoora, 4870 demographic data

The median household income for Manoora is $1,054, 30% lower than Regional Queensland's household income of $1,507. Manoora has a younger age profile compared to the rest of Regional Queensland (median age 36 vs 41). Property ownership data shows 55% of property owners in Manoora have a mortgage.

6,175
Population
$1,054 per week
Median household income
36 years
Median age
Renters
Most residents
Families
Most households
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25-27 Pioneer Street
Manoora, QLD 4870
Property Shop Cairns - CAIRNS CITY
116-118 Grafton Street
CAIRNS CITY, QLD 4870

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