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8/324-328 Sheridan Street,
Cairns North 4870, Queensland

1 bedroom
1 bathroom
2 car spaces
240m² land size
40m² building size
Apartment

Price withheld

Property details

Prime Investment Opportunity in the Heart of Cairns North

Centrally positioned just minutes from the Cairns CBD, Esplanade precinct, and domestic/international airports, this low-maintenance 1 bedroom apartment offers savvy investors the perfect addition to their portfolio currently with guaranteed income until January 2026!

With a strong rental history, Unit 8 boasts a functional floorplan with open-plan living, generous sized bedroom with built-in robe and separate access directly to the outdoor area for added sunlight and convenience. The complex of 30 units features a swimming pool and off-street parking-key amenities for tenant appeal in this high-demand rental corridor.

Key Investment Highlights:
Strong rental returns with rental increase in July 2025
Currently tenanted, generating consistent guaranteed income
Solid block construction - ideal for remote or hands-off investors
Access to on-site pool and shared laundry facilities
Close proximity to public transport, hospital precinct, schools, and James Cook University

The Figures:
Current rental income: $350pw
Rent Increase: $370pw in July 2025
Body Corporate Fees: $$2,680.00pa
Rates: Approx $3,000pa
As at April 2025 -
• Sinking Fund - $48,894.71
• Admin Fund - -$(25,352.32)

With Cairns North continuing to thrive and attract steady rental demand from health professionals, students, FIFO workers, and city commuters, this property needs a little TLC but delivers a reliable stream of income with potential for future capital growth.

Secure a set-and-forget investment in one of Cairns' most dependable rental suburbs - Call Alesha on 0409 055 236 to arrange a private inspection.

**Disclaimer - Ray White Cairns Beaches & Smithfield and its agents do not give any warranty or assurance as to the accuracy or reliability of any of the information contained herein. All interested parties should undertake their own investigations and seek professional advice to verify all information. Whilst we endeavour to ensure all details are correct, information has been collated from various sources, hence we provide no guarantee or warranty as to its accuracy or completeness. Our agency and its agents will not be held liable or responsible for any loss or damage as a result of any error or misrepresentation herein.

Explore the area

School catchments

  • Mother of Good Counsel School Primary Prep-6 Catholic 0.85km
  • Edge Hill State School Primary Prep-6 Government 1.9km
  • Parramatta State School Primary Prep-6 Government 2.1km
  • Cairns School of Distance Education Combined Prep-12 Government 2.1km
  • Mastery Schools Australia - Cairns Campus Combined Independent 2.2km

Nearest schools, measured in a straight line from the property. Provided as a guide only; check catchment and enrolment eligibility with the school. School data © ACARA, licensed under CC BY 4.0.

Find out how much home loan repayments will be

It’s important to understand repayment amounts before you apply for a home loan. A Loan Market broker can compare over 100 lenders to find the right loan for you. Use the Loan Market calculator to get a better indication of repayments.

Loan Market Pty Ltd | Australian Credit Licence 390222. All interest rates stated must include "p.a." and the relevant Comparison Rate in full.

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