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

SoldSep 29, 2025

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

$400,000

Studio

•

30+ days on the market

Sold: Sep 29, 2025

What's around 6 & 12/249 Sheridan Street

SOLD - 2 x Studio Opportunity – Over 10% Gross Return!

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.