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Back 5 & 11/249 Sheridan Street
Off Market

5 & 11/249 Sheridan Street

Cairns North QLD 4870

2
2
1
Studio
Last sold for $371,567
Kelly HillKelly Hill, last sold this property on 18 August 2025 after 6 days on market.

Overview

SOLD - High-Yield 2 x Studio Opportunity – Over 11% Gross Return!

Introducing an exceptional investment package – 2 Studios - numbers 5 & 11 at 249-251 Sheridan Street, Cairns North – two neat and tidy studio apartments within a complex of only 8 lots. Each unit is currently leased at $395 per week, delivering a combined total weekly rent of $790 and a gross return of over 11%, 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 unit 5 - 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 $395 per week/per unit. - Unit 5 leased until 4/2/2026 and Unit 11 leased until 2/2/2026 - 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 $142.80 for the 2 studios (Billed every 4 months) - Complex built in 1970 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. 👉 Submit your offer today via: https://anz.openn.com/app/l/biBN - a copy of the sellers disclosure report is also available to review here. Opportunities like this don’t last long – act fast!

Features

2 bedrooms
2 bathrooms
1 carspace
1 garage space
Studio

Estimated Value

We need at least 3 similar 2 bedroom studios sold in Cairns North over the last 12 months.

Property history for 5 & 11/249 Sheridan Street

2025
Sold
$371,567
18 Aug 2025 by Kelly Hill, of Cairns Property Office City

Happy sellers in Cairns North

97%
97% of sellers in Cairns North reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 48 reviews in Cairns North over the last 12 months.

Local market activity for 2 bedroom studios in Cairns North

In the last 12 months, 1 two-bedroom studio similar to 5 & 11/249 Sheridan Street, have been sold.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Cairns North

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Tim Lyon

Sellers who recommend Tim Lyon have praised them for being clear communication, local expert, responsive, supportive, reliable, well-prepared and honest

  •   5   (384 reviews)
  •  32 Reviews in Cairns North
  •  25 Sales in Cairns North
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Zoe Wicks

Sellers who recommend Zoe Wicks have praised them for being clear communication, local expert, friendly, responsive, supportive, well-prepared and great negotiation

  •   4.9   (243 reviews)
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Kaine Rowe

Kaine Rowe is a recommended agent for Cairns North.  They have 22 local sales and collected 5 local reviews across the last 12 months.

  •   4.9   (218 reviews)
  •  5 Reviews in Cairns North
  •  22 Sales in Cairns North
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Tim Winborn-Sharp

Sellers who recommend Tim Winborn-Sharp have praised them for being local expert, clear communication, responsive, friendly, honest, reliable and supportive

  •   4.9   (159 reviews)
  •  6 Reviews in Cairns North
  •  6 Sales in Cairns North
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