FOR SALE
Under Contract

29/294-298 Sheridan Street
Cairns North QLD 4870

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 59m2
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RECEIVER APPOINTED - PRIME INVESTMENT OPPORTUNITY NOT TO BE MISSED

Twomey Schriber, acting under instructions from Hall Chadwick, is pleased to present this fabulous investment property in the beautifully presented Tropic Towers Apartment Complex.
FOR SALE via. Expressions of Interest closing Friday 20th September, 2024 at 5pm (AEST).
Offering buyers the opportunity to secure a quality investment in a key city location, two streets from the Cairns Esplanade waterfront and parklands.
SOPHISTICATED DESIGN - FABULOUS LOCATION - ELEVATED PEACEFUL OUTLOOK TOWARDS WATERFRONT
Bright and inviting, this lovely open plan apartment offers buyers a relaxed holiday lifestyle of maximum comfort and tranquil views.
Close to city, waterfront and airport, perfect for leisurely walks or short drives to the magnificent Cairns Botanic Gardens, Boardwalks, Hospitals, Olympic Pool, Tennis Centre, shopping village, newsagent, doctors, bottle shop, supermarket. Nearby walking and bike trails, restaurants, cafes, sports and entertainment.
INVESTMENT DETAILS
INCOME
Annual return: 2023/2024 financial year $24,000 approx. net to owner for comparable level apartments
Rental opportunity: Onsite managers offering great returns that are steadily increasing, in a split income pool
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Property Details for 29/294-298 Sheridan St, Cairns North

29/294-298 Sheridan St, Cairns North is a 1 bedroom, 1 bathroom Unit. The property has a floor size of 59m2. The place is currently for sale with Twomey Schriber Property Group.

Building Type
Unit
Floor Size
59m2

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About Cairns North 4870

The size of Cairns North is approximately 2.9 square kilometres. It has 6 parks covering nearly 9.7% of total area. The population of Cairns North in 2011 was 4,444 people. By 2016 the population was 5,185 showing a population growth of 16.7% in the area during that time. The predominant age group in Cairns North is 20-29 years. Households in Cairns North are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Cairns North work in a professional occupation. In 2011, 29.8% of the homes in Cairns North were owner-occupied compared with 29.2% in 2016.

Cairns North has 3,954 properties. Over the last 5 years, Houses in Cairns North have seen a 32.18% increase in median value, while Units have seen a 55.86% increase. As at 30 September 2024:

  • The median value for Houses in Cairns North is $624,408 while the median value for Units is $372,105.
  • Houses have a median rent of $650 while Units have a median rent of $460.
There are currently 39 properties listed for sale, and 44 properties listed for rent in Cairns north on OnTheHouse. According to CoreLogic's data, 226 properties were sold in the past 12 months in Cairns north.

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Karen Hartley
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Twomey Schriber Property Group
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