Property Details for 12/249-251 Sheridan St, Cairns North
12/249-251 Sheridan St, Cairns North is a 2 bedroom, 2 bathroom Unit with 1 parking spaces.
Last Listing description (November 2025)
Introducing an exceptional investment package 2 Studios on the one title - numbers 6 & 12 at Lot 6/249-251 Sheridan Street, Cairns North.
Each unit is currently on a fixed lease delivering a combined total weekly rent of $740 and a gross return of over 10%, making this an outstanding addition to any investors portfolio. A rare opportunity to purchase 2 studio apartments on one title!! Yes you get both!!
Ideally located just 1.8km from the Cairns CBD, these units offer a winning combination of high return, low maintenance, and superb convenience.
Key Features:
- Functional kitchenette and open plan living
- Air-conditioning in the open plan kitchen/living area and security screens throughout
- Good sized bathrooms with bath/shower combination
- Each unit has a washing machine included, communal laundry also available
- One allocated undercover car space for the lot
- Situated within the Cairns State High School catchment
- Close to Cairns International and Domestic Airports, Hospitals, CBD and more
- Both units are tenanted on a fixed lease.
- Unit 6 $360 p/w until 4/10/2025, Unit 12 $380 p/w until 30/09/2026
- Total Rates costs are $5175.30 per year
- Body Corporate Fees - $5400 per year in total for the 2 Studios
- Water dependent on use - last bill approximately $150 for the 2 studios (Billed every 4 months)
- Complex built in 1970
* Please note that the photos have been edited to remove the tenants belongings and maintain their privacy.
If you're a savvy investor chasing strong returns, this dual studio offering ticks all the boxes.
Dont miss your chance to secure this rare, high-yield gem. Call me know to book a time for a private inspection - as the property is tenanted I need to give 48 hours notice.
Opportunities like this dont last long act fast.
Property History for 12/249-251 Sheridan St, Cairns North, QLD 4870
- 25 Aug 2025Listed for Sale SOLD
- 23 Sep 2024Listed for Rent $380 / week
Recent sales nearby
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0About Cairns North 4870
The size of Cairns North is approximately 2.9 square kilometres. There are 6 parks, covering nearly 9.7% of the total area. The population of Cairns North in 2016 was 5191 people. By 2021 the population was 5334 showing a population growth of 2.8% 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 2021, 33.80% of the homes in Cairns North were owner-occupied compared with 29.20% in 2016.
Cairns North has 3,860 properties. Over the last 5 years, Houses in Cairns North have seen a 50.12% increase in median value, while Units have seen a 92.76% increase. As at 31 July 2026:
- The median value for Houses in Cairns North is $784,627 while the median value for Units is $488,106.
- Houses have a median rent of $693 while Units have a median rent of $550.
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