5 & 11/249-251 Sheridan Street, Cairns North QLD 4870

Introducing an exceptional investment package – 2 Studios - numbers 5 & 11 at 249-251 Sheridan Street, Cairns North – two neat and tidy studio apartments within a complex of only 8 lots.

Each unit is currently leased at $395 per week, delivering a combined total weekly rent of $790 and a gross return of over 11%, making this an outstanding addition to any investor’s 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 unit 5
- 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 $395 per week/per unit.
- Unit 5 leased until 4/2/2026 and Unit 11 leased until 2/2/2026
- 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 $142.80 for the 2 studios (Billed every 4 months)
- Complex built in 1970

If you're a savvy investor chasing strong returns, this dual studio offering ticks all the boxes.

📍 Don’t miss your chance to secure this rare, high-yield gem.
👉 Submit your offer today via: https://anz.openn.com/app/l/biBN - a copy of the sellers disclosure report is also available to review here.

Opportunities like this don’t last long – act fast!