5/270-278 Sheridan StreetCairns North QLD 4870
Property Details for 5/270-278 Sheridan St, Cairns North
5/270-278 Sheridan St, Cairns North is a 2 bedroom, 1 bathroom Unit and was built in 1981. The property has a land size of 66m2 and floor size of 66m2. While the property is not currently for sale or for rent, it was last sold in July 2022.
Last Listing description (August 2023)
With a Nett Return of over 10% for FY ending June 2023.
2 Bed / 1 Bath - 66sqm
These spacious, 2-bedroom, holiday let units are fully furnished and self-contained. Ground floor and poolside, they are presently rented out through an on-site manager and are part of a small letting pool of 25 units in a 26 unit complex. Popular with family holiday makers and those seeking medium term accommodation, the complex recorded an excellent occupancy of 86% in 2022 and offers strong and growing owner returns.
Features include:
- Gas cooking with ample bench space and storage plus a full-sized refrigerator with freezer compartment, microwave, pantry, crockery, cutlery, pots, pans and cooking utensils
- Fully-furnished, open plan living and dining with dining table, flat screen TV, two sofas, coffee table and ample linen storage
- Two good sized, carpeted bedrooms with box air conditioning, one with three single beds plus desk and robes, the second with a double bed and robes
- Tiled living and dining with ceiling fans
- Bathroom with step-in shower and separate toilet
- Large resort style pool featuring tropical landscaping and a dedicated BBQ area
- On-site facilities include free WiFi, guest laundry, tour desk, bicycle hire and vending machine
- Secure parking for 8 carparks undercover, 5 carparks uncovered and ample off-street parking
- Body corporate fees approximately $6,315 per annum
- Council rates approximately $2,759 per annum
- 12-month nett return above $18,000 (approx.) as at 30/06/2023
- These properties are only suitable for holiday let and short-term rental (up to 3 months)
- Owner use available up to 30 days per year
Superb location only 200 metres from the Esplanade and within easy walking distance of Cairns CBD and Cairns Base Hospital. Five minutes to domestic and international airports and on a direct bus route to Cairns CBD and surrounding suburbs with great exposure on the main road into the city.
Don't miss your chance to inspect, call David Hall on 0491 332 700 today.
Property History for 5/270-278 Sheridan St, Cairns North, QLD 4870
- 01 Jun 2023Listed for Sale Contact Agent
- 21 Jul 2022Sold for $144,000
- 15 Jul 2022Listed for Sale Offers Over $139,000
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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 3,964 properties. Over the last 5 years, Houses in Cairns North have seen a 36.76% increase in median value, while Units have seen a 57.48% increase. As at 31 July 2024:
- The median value for Houses in Cairns North is $642,689 while the median value for Units is $367,894.
- Houses have a median rent of $525 while Units have a median rent of $450.
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