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35/26 Sheridan Street

Cairns City QLD 4870

1
1
1
Apartment
Currently for sale - view listing

Overview

Great City Position | Value Dual-Use Investment Property

Positioned in the heart of the CBD within the highly regarded Il Centro complex, this top-floor, pool-facing apartment presents an exceptional opportunity for serious investors seeking high yields, capital stability, and maximum operational flexibility. Purpose built and operating within a well-established and mature letting scheme, Il Centro is a local Icon with a long-standing and well known reputation for servicing the Public, Government, Corporate, Conference, and wholesale tourism markets. Plainly it's prtty delightful to live in, or, consider the strong consistent returns outperforming standard market conditions with long-term stable management. Ongoing demand for this for complex is clear as adjacent developments are maturing and with the almost adjacent CQU development starting. The property is practically furnished to meet business class accommodation standards, it features near new Kitchen with Dishwasher, Refrigerator and modern appliances. Supermarkets, Shopping Mall and Rusry's markets are almost at your doorstep. Subsstantial building works all but completed, all the heavy lifting has been done. Reasonable Sinking Rund reserves. Under cover secure parking on title and dual usage this inner city apartment provides unique buyer opportunity. * Top floor location * Open plan living leading out to a balcony overlooking the pool with views to Trinity Inlet and Wharves * Master bedroom witih direct access to the bathroom and internal laundry * Ducted Air Conditioning throughout * Full Complex Amenities: recently reburbished lift access to all levels, newly replaced monitored fire system directly connected to QFS, and secure undercover parking on title. * Turnkey Ready: Modern kitchen with quality appliances, and full furniture package included. * Air Conditoned Lobby with Reception and Manager/Caretaker Offices, plus 1st level guests meeting or reading lounge * Central Atrium Gardens * Build Year:1995 Approx. * Rates: Approx. $3200 / year * Body Corp: Approx. $9,700/ year * Rental Appraisal: Approx. $600-650 /week Operating within a established, managed letting scheme, Il Centro has a long-standing reputation for servicing government, corporate, conference, and wholesale tourism marketsdelivering strong, consistent returns that frequently outperform standard market conditions. This property offers true dual-use flexibility. Unrestricted zoning means you retain ultimate control: capitalize on the thriving short-term letting market, secure a long-term tenant, or reside in the property. Inspection is almost a must! But please strictly by by appointment only.

Features

1 bedroom
1 bathroom
1 carspace
Apartment

Property history for 35/26 Sheridan Street

2015
Sold
$120,000
Private Sale/Treaty on 13 Jul 2015 by Ray Murphy, of Ray White Cairns

Happy sellers in Cairns City

93%
93% of sellers in Cairns City reported that their sale price either exceeded or met their price expectations.

Cairns City stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 23 reviews in Cairns City over the last 12 months.

Local market activity for 1 bedroom apartments in Cairns City

In the last 12 months, 13 one-bedroom apartments similar to 35/26 Sheridan Street, have been sold.

This represents a 19% increase in one-bedroom apartments sales when compared to the previous 12 months.

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