15/294-298 Sheridan Street, Cairns North QLD 4870

POOL VIEWS AND A QUALITY 2 BEDROOM HOLIDAY APARTMENT IN A GREAT CENTRAL CITY LOCATION

THIS IS THE PERFECT INVESTMENT PROPERTY TO ADD TO YOUR PORTFOLIO.

ENJOY PLENTY OF ROOM TO SPREAD OUT
Elevated, 1st level overlooking tropical gardens and resort pool, 81m2 open plan design. Ideal investment and the perfect holiday home offering a great space to relax and enjoy time together.

WITHIN WALKING DISTANCE, enjoy the Cairns Esplanade and parklands/waterfront, Tobruk Olympic Pool, International Tennis Centre, restaurants, and shopping village with newsagent, doctors, bottle shop and minimarts.

NEARBY, head south into the excitement of the city or north to the magnificent Cairns Botanic Gardens and Boardwalks, Red Arrow walks, Centenary Lakes, Edge Hill Village or grab a bus and head to the city.

THE APARTMENT:
Private and peaceful elevated first floor location surrounded by tropical gardens overlooking pool

Flooded with natural light, plenty of windows and cool breezes
Sliding doors from living and main bedroom to covered outdoor patio
Kitchen with plenty of bench and cupboard space, dishwasher
Bathroom/laundry, 125 litre electric HWS
Split system air conditioners, Built in robes, Tiled flooring throughout
Inventory of furnishings

BUILDING DETAILS:
Council Zoning: Short term accommodation, not permanent occupation
Parking: Off street area parking
Onsite facilities: Fantastic resort pool with side seating and spa, relaxation areas, outdoor dining and barbeque facilities
Onsite managers: Operating short term holiday letting
Public transport: Bus pick up outside complex

INVESTMENT DETAILS

INCOME
Annual return: 2023/2024 financial year $29,000 approx. per annum
Current rental: Managed through onsite managers who offer 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: $13,072 approx. per annum
Water: Billed direct to owner/per usage

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.