8/324 Sheridan Street, Cairns North, QLD, 4870 - Apartment Sold on 06 06 2025

SoldJun 6, 2025

8/324 Sheridan Street, Cairns North, QLD, 4870

Amount undisclosed

40 m²

240 m²

Apartment

•

15 days on the market

Sold: Jun 6, 2025

What's around 8/324 Sheridan Street

Prime Investment Opportunity in the Heart of Cairns North

Centrally positioned just minutes from the Cairns CBD, Esplanade precinct, and domestic/international airports, this low-maintenance 1 bedroom apartment offers savvy investors the perfect addition to their portfolio currently with guaranteed income until January 2026! With a strong rental history, Unit 8 boasts a functional floorplan with open-plan living, generous sized bedroom with built-in robe and separate access directly to the outdoor area for added sunlight and convenience. The complex of 30 units features a swimming pool and off-street parking-key amenities for tenant appeal in this high-demand rental corridor. Key Investment Highlights: Strong rental returns with rental increase in July 2025 Currently tenanted, generating consistent guaranteed income Solid block construction - ideal for remote or hands-off investors Access to on-site pool and shared laundry facilities Close proximity to public transport, hospital precinct, schools, and James Cook University The Figures: Current rental income: $350pw Rent Increase: $370pw in July 2025 Body Corporate Fees: $$2,680.00pa Rates: Approx $3,000pa As at April 2025 - • Sinking Fund - $48,894.71 • Admin Fund - -$(25,352.32) With Cairns North continuing to thrive and attract steady rental demand from health professionals, students, FIFO workers, and city commuters, this property needs a little TLC but delivers a reliable stream of income with potential for future capital growth. Secure a set-and-forget investment in one of Cairns' most dependable rental suburbs - Call Alesha on 0409 055 236 to arrange a private inspection. **Disclaimer - Ray White Cairns Beaches & Smithfield and its agents do not give any warranty or assurance as to the accuracy or reliability of any of the information contained herein. All interested parties should undertake their own investigations and seek professional advice to verify all information. Whilst we endeavour to ensure all details are correct, information has been collated from various sources, hence we provide no guarantee or warranty as to its accuracy or completeness. Our agency and its agents will not be held liable or responsible for any loss or damage as a result of any error or misrepresentation herein.

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Buyer's review

10 months ago

Verified Review

Outstanding, just outstanding!

I've absolutely loved working with Alesha. This is my second time purchasing from her. She has outstanding knowledge of the area I'm investing in and has steered me into some great buys! She's so easy to work with and goes above and beyond to ensure everything runs smoothly with my purchases. It's one thing for an agent to tick all the boxes from a professional perspective, but Alesha also makes the process fun and is always great to chat to. She's also personable and helpful. Two qualities not easily found, but which have made working with her an absolute pleasure. This will not be the last time I work with Alesha. I've also recommended her on to family and friends also looking to buy in the Cairns area.

Tara

Buyer

Seller's review

10 months ago

Verified Review

Extremely Professional

Thank you, Alesha, for your professionalism in the selling of my property. I greatly appreciate your effort and understanding of my needs, thank you again.

Seller