7/294-298 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 August 2022.
Offering a wonderful investment opportunity, this property is centrally located within walking distance to the Cairns Esplanade, only minutes from shops, bars, restaurants and the Cairns CBD, and just 5km away from the Cairns Domestic and International Airports.
This stylish unit enjoys a ground floor position, with a private, leafy courtyard overlooking the pool area. Recently refurbished with new tiles in the living area and bedroom, with modern finishes throughout and fully self-contained.
Featuring:
The Tropic Towers complex has exceptional onsite management and is well maintained, with lush tropical gardens, a large resort-style swimming pool with spa and BBQ area.
Body corporate levies $6,076.35 p/a with a healthy sinking fund in place. The complex is zoned for holiday/short-term use only and is waiting for it's new owners to reap the benefits!
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 3,952 properties. Over the last 5 years, Houses in Cairns North have seen a 36.51% increase in median value, while Units have seen a 62.05% increase. As at 31 October 2024:
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