35/26-30 Sheridan Street, Cairns City
Listing data updated 3 Aug 2026
- Positioned in the heart of the CBD within the highly regarded Il Centro complex, this top-floor, pool-facing apartment presents an exceptional opportunity for serious investors seeking high yields, capital stability, and maximum operational flexibility. Unashamedly located close to the Cairns Convention Centre, State Government Offices and Services, HMAS Cairns, Queesnland Rail and Cruise Liner Termal, Malls and Restaurants and construction of the new CQ University campus to the rear. Ongoing demand from this built for purpose complex is clear. Meeting demand the property is practically furnished to meet business class accommodation standards, it features near new Kitchen with Dishwasher, Refrigerator and modern appliances. Supermarkets, Shopping Mall and Rusry's markets are almost at your doorstep. Subsstantial building works almost completed, all the heavy lifting has been done, with quite reasonable Sinking Rund reserves. Together with under cover secure parking - on title - and dual usage this inner city apartment provides unique buyer opportunity. * Top floor location * Open plan living leading out to a balcony overlooking the pool with views to Trinity Inlet and Wharves * Master bedroom witih direct access to the bathroom and internal laundry * Ducted Air Conditioning throughout * Full Complex Amenities: recently reburbished lift access to all levels, newly replaced monitored fire system directly connected to QFS, and secure undercover parking on title. * Turnkey Ready: Modern kitchen with quality appliances, and full furniture package included. * Air Conditoned Lobby with Reception and Manager/Caretaker Offices, plus 1st level guests meeting or reading lounge * Central Atrium Gardens * Build Year:1995 Approx. * Rates: Approx. $3200 / year * Body Corp: Approx. $9,700/ year * Rental Appraisal: Approx. $600-650 /week Operating within a established, managed letting scheme, Il Centro has a long-standing reputation for servicing government, corporate, conference, and wholesale tourism markets—delivering strong, consistent returns that frequently outperform standard market conditions. This property offers true dual-use flexibility. Unrestricted zoning means you retain ultimate control: capitalize on the thriving short-term letting market, secure a long-term tenant, or reside in the property. Inspection is almost a must! But please strictly by by appointment only.
RealistIQ deal score
Good value signal
65
/100
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- $435,000
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