15/26-30 Sheridan Street, Cairns City, Queensland, 4870

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For sale

$167,500

Prime Investment

Quality one bedroom investment property quietly nestled and centrally located in Cairns City. The closest accommodation to Cairns Convention Centre, State Government Offices, Law Courts and right by Port of Cairns development.

Furnished to both corporate and tourist expectations, the apartment is bright airy and homely – serviced by an internal lift. Positioned in a favourable location within the complex itself and produces a solid cash flow positive actual rental return of approx 5% P/A from mixed letting while also an ideal Weekender for the owner. Body Corporate a moderate $1,652.20 Quarterly, Council Rates $1,189.56 Half Yearly.

This tidy complex is close to just about everything – prime real estate right in the middle of town but away from the hustle and bustle. Ground level undercover car park on title

**Call our Raine&Horne Onsite Sales agent WARREN on 0419 332266 for inspection.

Property Info:

  • Property ID: L920004
  • Property Type: Apartment
  • Building / Floor Area: 55 sqm
  • Garages: 1

We Know Your Area

R&H Suburb Profile: Cairns City

R&H Suburb Summary Houses
Number of sales 2
Average Price $204,000
Median Rental Price $370 p.w.
R&H Suburb Summary Units
Number of sales 99
Average Price $440,076
Median Price $369,000
Median Rental Price $430 p.w.
Change in Rental Rate (5yr) 9 %
Cairns City, QLD - Median Trend

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  • 15/26-30 Sheridan Street, Cairns City,
    Queensland, 4870