Prime Commercial Investment | Fully Leased Asset Adjacent to $1B Health Precinct

Prominently positioned on the fringe of the Cairns CBD, 196A Sheridan Street presents a high-performing commercial investment opportunity, backed by a brand-new, secure 3-year lease. Situated directly adjacent to the $1 billion Cairns Hospital Master Plan expansion, this site sits at the core of FNQ's emerging health, research and innovation hub.

Investment Highlights

• Secure Holding Income: Fully leased returning $60,000 p.a. + GST.
• Attractive Net Lease: 100% of outgoings payable by the tenant
• Guaranteed Growth: Fixed annual 4% rent increases, providing compounding income growth.
• Lease Term: Initial 3-year term running through September 2029.

Property & Strategic Value

Unbeatable Exposure: Direct frontage on Sheridan Street - the arterial route linking Cairns Airport to the CBD - featuring a high-impact billboard providing built-in brand exposure.

Adaptable Asset: Dual-unit layout featuring private consulting/office rooms, independent amenities, rear hardstand, covered under-house parking and an operational wash bay.

Future Upside: Prime 479 m² parcel, ideal for future repositioning, medical fit-outs or redevelopment, taking advantage of the multi-storey Health Innovation & Surgical Centre transforming the precinct.

Secure a blue-chip commercial asset with strong immediate yields and long-term capital growth potential. Contact the team at David Murphy from Ray White Cairns today for an Information Memorandum or inspection.

Inspections

Explore the area

School catchments

Cairns State High School Secondary 7-12 Government 0.49km
St Monica's College Secondary 7-12 Catholic 1.0km
The BUSY School Secondary 11-12 Independent 1.2km
Mungalla Silver Lining School - Carins Temporary Facility Secondary Independent 1.2km
Mastery Schools Australia - Cairns Campus Combined Independent 1.3km
Indie School, Logan - Parramatta Park Campus Secondary Independent 1.3km
Parramatta State School Primary Prep-6 Government 1.3km
FNQ Vocational Academy Secondary Government 1.5km
St Augustine's College Secondary 7-12 Catholic 1.5km
St Joseph's School Primary Prep-6 Catholic 1.5km
Mother of Good Counsel School Primary Prep-6 Catholic 1.7km
Trinity Bay State High School Secondary 7-12 Government 1.8km
Cairns School of Distance Education Combined Prep-12 Government 1.9km
Edge Hill State School Primary Prep-6 Government 2.6km
Cairns West State School Primary Prep-6 Government 2.7km
St Francis Xavier's School Primary Prep-6 Catholic 2.8km
Balaclava State School Primary Prep-6 Government 3.4km
Whitfield State School Primary Prep-6 Government 3.9km
Mooroobool Silver Lining School Secondary Independent 4.1km
Our Lady Help of Christians School Primary Prep-6 Catholic 4.5km
Woree State School Primary Prep-6 Government 5.7km
Woree State High School Secondary 7-12 Government 5.8km
Freshwater Christian College Combined Prep-12 Independent 6.4km
Freshwater State School Primary Prep-6 Government 6.5km
St Gerard Majella Primary School Primary Prep-6 Catholic 6.6km
St Mary's Catholic College Secondary 7-12 Catholic 6.9km
St Andrew's Catholic College Redlynch Valley Combined Prep-12 Catholic 7.1km

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.

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