SOLD
Sold on 08 May 2024 for $2,500,000

47-49 Sheridan Street
Cairns City QLD 4870

Bedrooms: -
Bathrooms: -
Car spaces: 20
Land area: 1174m2
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Property Details for 47-49 Sheridan St, Cairns City

Building Type
Commercial
Land Size
1174m2
Local Government
Cairns Regional
Lot/Plan
2/RP725561

Last Listing description (November 2023)

This commercial building Is a solid, multi-use, versatile building with great exposure and plenty of rear carparking. It offers a convenient Central Sheridan Street location and is for sale with vacant possession.

The property is only four blocks from the Cairns Esplanade and one block from Cairns Central Shopping Centre. It is situated near the busy Sheridan Street and Shield Street intersection.


LAND AREA: 1174m

TOTAL BUILDING AREA: 712m

- Ground Floor: 488m
- Mezzanine Office level: 225m"

IMPROVEMENTS:

- The building is currently fitted out for the current ownership which is an employment provider. The building was previously a camping store)
- Internal layout included, multiple work station, training and boardroom, 8 individual offices, open work area, male & female toilets, shower and lunchroom.
- Property is fully fenced

Flexible settlement terms are available as the business is relocating.

Property History for 47-49 Sheridan St, Cairns City, QLD 4870

A timeline of how this property has performed in the market
Last Sold
$2,500,000
08 May 2024
  • 08 May 2024
    Sold for $2,500,000
  • 27 Nov 2023
    Listed for Sale SURPLUS TO OWNERS NEEDS / BUSINESS RELOCATING
  • 18 Mar 2004
    Sold for $1,430,000
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About Cairns City 4870

The size of Cairns City is approximately 2.1 square kilometres. It has 3 parks covering nearly 6.3% of total area. The population of Cairns City in 2011 was 2,180 people. By 2016 the population was 2,739 showing a population growth of 25.6% in the area during that time. The predominant age group in Cairns City is 20-29 years. Households in Cairns City are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Cairns City work in a professional occupation. In 2011, 45.6% of the homes in Cairns City were owner-occupied compared with 46.4% in 2016.

Cairns City has 3,345 properties. Over the last 5 years, Houses in Cairns City have seen a 27.27% increase in median value, while Units have seen a 51.97% increase. As at 31 October 2024:

  • The median value for Houses in Cairns City is $509,824 while the median value for Units is $540,509.
  • Houses have a median rent of $630 while Units have a median rent of $560.
There are currently 34 properties listed for sale, and 45 properties listed for rent in Cairns city on OnTheHouse. According to CoreLogic's data, 140 properties were sold in the past 12 months in Cairns city.

Suburb Insights for Cairns City 4870

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.