5/270-278 Sheridan Street

Cairns North QLD 4870

66 m²

Unit

Currently for sale - view listing

Overview

9.6% Yield approx- Holiday Investment Near Hospital

Fully furnished ground floor apartment just minutes to Cairns Hospital and the Esplanade, attracting consistent demand from short-stay guests, hospital visitors, and budget-conscious travellers. A low-maintenance investment with solid concrete block construction and tiled flooring throughout, designed for durability and minimal upkeep. Set within the Oasis Inn complex, the property offers flexibility with optional onsite holiday management or the ability to self-manage and maximise returns. Secure an affordable entry into the Cairns short-term accommodation market with a straightforward, high-demand investment. Property Features: • 2-bedroom, fully furnished, self-contained apartment • Open plan living and dining • Functional kitchen with gas cooking • Large master bedroom with built-in desk and wardrobe • Second bedroom with wardrobe • Bathroom with shower/bath and separate toilet • Air-conditioning, fans and security screens Complex Features: • Tropical swimming pool • BBQ area • Undercover communal parking (unallocated) • Guest laundry Investment Highlights: • Zoned Tourist Accommodation – short-term letting only • Not permitted for permanent residence or long-term tenancy • Approx. $240 per night income potential • Estimated 9.6% gross return based on current figures • High-demand location near Cairns Hospital and Esplanade • Optional onsite management for ease of operation Outgoings: • Council Rates: approx. $3,000 per annum • Body Corporate: $6,000 per annum approx A high-yield, low-entry investment in a proven short-stay location with consistent occupancy. All information contained herein is gathered from sources we believe to be reliable. This Office and its Agent provide no guarantees or undertakings concerning the accuracy, completeness, or current nature of the information and disclaim all liability in respect of any errors, inaccuracies or misstatements contained herein. Prospective purchasers must undertake their own due diligence, enquiries and assume various searches to verify the information contained herein.