5 & 11/249 Sheridan Street, Cairns North, QLD, 4870

SoldAug 19, 2025

5 & 11/249 Sheridan Street, Cairns North, QLD, 4870

$371,567

Studio

•

7 days on the market

Sold: Aug 19, 2025

What's around 5 & 11/249 Sheridan Street

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!