119 Sheridan Street, Cairns City, QLD 4870 | Property Value & History | OnTheHouse
OFF MARKET

119 Sheridan Street
Cairns City QLD 4870

Bedrooms: -
Bathrooms: -
Car spaces: 17
Land area: 1018m2
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Property Details for 119 Sheridan St, Cairns City

Building Type
Commercial
Land Size
1018m2
Local Government
Cairns Regional
Lot/Plan
1/RP710595

Last Listing description (October 2022)

Knight Frank Cairns is pleased to present 119-121 Sheridan Street, Cairns to the market.

The property commands substantial frontage to Sheridan Street of just over 40 metres, and overlooks Munro Martin Parklands and the performing arts precinct. The quality development incorporates two separate buildings separated by onsite car parking. The fully leased investment is anchored by I-MED Radiology and FNQ Plastic Surgery and shows an overall net income of approximately $610,000 per annum.


The investment property provides a net lettable area of 1,370 sqm and a land footprint of 2,030 sqm.

Site Area
1,018 sqm - 119 Sheridan Street, Cairns
1,012 sqm - 121 Sheridan Street, Cairns

Building Areas
555 sqm - 119 Sheridan Street, Cairns
815 sqm - 121 Sheridan Street, Cairns

119 Sheridan Street, Cairns

A near new building with a lettable area of 555 sqm partitioned to accommodate four tenancy areas and a storeroom. The Sheridan Street frontage is occupied by a popular cafe. The balance tenancies are each occupied by complementary medical aligned users, as well as storage. All five tenancies have their own unisex ambulant provisioned facilities.

121 Sheridan Street, Cairns

A single level masonry block building which has been extensively refurbished to offer a specialist medical consultation and treatment facility. The building presents a lettable area of 815 sqm of which 800 sqm is occupied by I-MED Radiology and 15 sqm of leased storage area. No expense has been spared with the quality medical office suites and a number of treatment rooms including extensive kitchen facilities, unisex ambulant amenities and sinks in all consult rooms. The building presents a modern clad facade and provides excellent exposure to Sheridan Street. There are double automatic doors to the street front and two secure garages with auto doors to the rear of the property.

Please contact the agent for a copy of the Information Memorandum.

______________________________________________________________

Knight Frank Cairns is an independently owned office within the Knight Frank global network, servicing Far North Queensland in all its commercial property requirements.

Knight Frank Cairns has been successfully operating for over 32 years and incorporates three departments into the one office: a vastly experienced Valuation department, a high-level Investment and Facilities Management division, and a Commercial Sales and Leasing department.

Knight Frank Cairns is able to provide a more accurate assessment of the local property market due to the combination of services which it offers, combined with the commitment of a team of highly professional, experienced staff who are supported by state-of-the-art research, technological and administrative resources.

Property History for 119 Sheridan St, Cairns City, QLD 4870

A timeline of how this property has performed in the market
Last Sold
$1,025,000
19 Dec 2014
Listed for Rent
$431/w
08 Sep 2021
  • 26 Apr 2022
    Listed for Sale Contact Agent
  • 06 Mar 2020
    Listed for Rent $22,500 / year
  • 02 May 2018
    Listed for Rent - Price not available
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About Cairns City 4870

The size of Cairns City is approximately 2.1 square kilometres. There are 3 parks, covering nearly 6.3% of the total area. The population of Cairns City in 2016 was 2737 people. By 2021 the population was 3616 showing a population growth of 32.1% 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 2021, 47.30% of the homes in Cairns City were owner-occupied compared with 46.40% in 2016.

Cairns City has 3,425 properties. Over the last 5 years, Houses in Cairns City have seen a 65.47% increase in median value, while Units have seen a 53.26% increase. As at 31 August 2026:

  • The median value for Houses in Cairns City is $741,867 while the median value for Units is $606,251.
  • Houses have a median rent of $488 while Units have a median rent of $600.
There are currently 52 properties listed for sale, and 29 properties listed for rent in Cairns city on OnTheHouse. According to Cotality's data, 142 properties were sold in the past 12 months in Cairns city.

Suburb Insights for Cairns City 4870

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.