Welcome to 12 Olive Street, Manoora, where the enduring charm of a classic Queenslander is enhanced by thoughtful modern upgrades and outstanding investment potential. This well-presented, renovated property offers an attractive lifestyle opportunity along with strong future development appeal.
Upon entry, you are welcomed by a harmonious blend of traditional character and contemporary comfort. The upgraded kitchen is a standout feature, showcasing modern appliances, clean lines, and a practical layout designed for everyday functionality. Repainted internally and externally, the home is complemented by polished timber floorboards that create a timeless yet modern finish throughout.
Beyond its visual appeal, this property is a compelling proposition for investors. Zoned medium residential and set on a generous 809m² flat, fully fenced block, it comes with DA approval for a six-bedroom, four-bathroom duplex with two single garages at the rear. This presents a rare opportunity to generate rental income from the existing home while building at the back—maximising cash flow and future returns. A copy of the Development Approval (DA) will be provided to potential buyers upon request.
The existing residence offers approximately 103m² of internal living space, comprising three bedrooms, one bathroom, and an open-plan living and dining area designed for comfort, privacy, and flexibility.
Ideally positioned, the property enjoys close proximity to Cairns CBD, schools, shopping centres, public transport, and popular dining options, ensuring everyday convenience and long-term desirability.
Currently tenanted at $650 per week until 15 July 2026, the property provides secure and immediate rental income. Council rates are $1,634.40 (approx.).
With its combination of character, renovation, development approval, and strong investment fundamentals, 12 Olive Street, Manoora represents a rare and versatile opportunity. Whether you are seeking a comfortable family home or a future-focused investment, this property delivers on both lifestyle and long-term growth. For more information, please contact Jomcy Jose on 0459783983
Disclaimer:
All information contained herein is gathered from sources believed to be reliable; however, Five Rivers Sales & Rentals makes no representation or warranty as to the accuracy of this information. Interested parties should conduct their own independent enquiries, inspections, and due diligence, including verification of zoning, development approvals, tenancy details, measurements, and council rates.
