29/294-298 Sheridan StreetCairns North QLD 4870
Property Details for 29/294-298 Sheridan St, Cairns North
29/294-298 Sheridan St, Cairns North is a 1 bedroom, 1 bathroom Unit and was built in 1994. The property has a land size of 59m2 and floor size of 59m2. While the property is not currently for sale or for rent, it was last sold in October 2024. There are other 1 bedroom Unit sold in Cairns North in the last 12 months.
Last Listing description (November 2024)
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
Electricity deducted from gross pooled income
OUTGOINGS
Council Rates: $2,900 approx. per annum
Body corporate levies: $10,648 approx. per annum
Water: Billed direct to owner/per usage
APARTMENT FEATURES/DETAILS - NOT LIVE IN PERMANENT OCCUPATION
Council zoning: Short term accommodation
Date registered: 1994 Tenancy: Vacant possession
Floor size: 59m2 Parking: Off street area parking
Inclusions: Inventory of furnishings including whitegoods
Newly painted throughout
Well designed kitchen with dishwasher
Laundry/bathroom combination, Electric hot water system
Central air conditioning
COMPLEX DETAILS
Facilities: Tropical shady resort pool with spa, dining, relaxation areas, barbeque
Public transport: Bus stop pick up at front of complex
CONTACT KAREN TO INSPECT - 0438 324 207
Disclaimer: All information contained herein is gathered from sources we believe to be reliable. This Office and its Agent provide no guarantees or undertakings concerning the accuracy, completeness, or current nature of the information and disclaim all liability in respect of any errors, inaccuracies or misstatements contained herein. Prospective purchasers must undertake their own due diligence, enquiries and assume various searches to verify information contained herein.
Property History for 29/294-298 Sheridan St, Cairns North, QLD 4870
- 03 Oct 2024Sold for $180,000
- 02 Sep 2024Listed for Sale SOLD BY KAREN HARTLEY
- 14 Feb 2007Sold for $166,000
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0About 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 3,969 properties. Over the last 5 years, Houses in Cairns North have seen a 39.34% increase in median value, while Units have seen a 73.96% increase. As at 31 January 2025:
- The median value for Houses in Cairns North is $640,529 while the median value for Units is $406,675.
- Houses have a median rent of $528 while Units have a median rent of $480.
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