6 & 12/249-251 Sheridan Street, Cairns North, QLD 4870

6 & 12/249-251 Sheridan Street, Cairns North, QLD 4870
2 x Studio Opportunity – Over 10% Gross Return!

👉 Submit your offer via: https://www.openn.com/kellyhill - a copy of the sellers disclosure report is also available to review in the documents section.

Introducing an exceptional investment package – 2 Studios on the one title - numbers 6 & 12 at Lot 6/249-251 Sheridan Street, Cairns North.

Each unit is currently on a fixed lease delivering a combined total weekly rent of $740 and a gross return of over 10%, making this an outstanding addition to any investor’s portfolio. A rare opportunity to purchase 2 studio apartments on one title!! Yes you get both!!

Ideally located just 1.8km from the Cairns CBD, these units offer a winning combination of high return, low maintenance, and superb convenience.

Key Features:

- Functional kitchenette and open plan living

- Air-conditioning in the open plan kitchen/living area and security screens throughout

- Good sized bathrooms with bath/shower combination

- Each unit has a washing machine included, communal laundry also available

- One allocated undercover car space for the lot

- Situated within the Cairns State High School catchment

- Close to Cairns International and Domestic Airports, Hospitals, CBD and more

- Both units are tenanted on a fixed lease.

- Unit 6 $360 p/w until 4/10/2025, Unit 12 $380 p/w until 30/09/2026

- Total Rates costs are $5175.30 per year

- Body Corporate Fees - $5400 per year in total for the 2 Studios

- Water dependent on use - last bill approximately $150 for the 2 studios (Billed every 4 months)

- Complex built in 1970

* Please note that the photos have been edited to remove the tenants belongings and maintain their privacy.

If you're a savvy investor chasing strong returns, this dual studio offering ticks all the boxes.

📍 Don’t miss your chance to secure this rare, high-yield gem. Call me know to book a time for a private inspection - as the property is tenanted I need to give 48 hours notice.

Opportunities like this don’t last long – act fast.