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Cairns City

$1,100,000

136 Sheridan Street

Investment Opportunity in the CBD very seldom offered

12 Studio apartments in the newly renovated 'Sunshine Towers' complex are being offered as a package to an astute investor.With Cairns growth happ

12 Studio apartments in the newly renovated 'Sunshine Towers' complex are being offered as a package to an astute investor.

With Cairns growth happening at a fast pace, the commencement of several developments nearby spending over $500 million on four major buildings as well as the start of the 'Nova City' complex the city is heading for some great times ahead.

These 12 studios are fully furnished and self contained. They are located on several floors including one on the seventh floor at the top of the building.

Currently being rented with 'Rentals Short Term' for between $325.00 and $350.00 per week and enjoying very high occupancy.

'Sunshine Towers' has been freshly painted and most of the common area refurbished and present as an urban inner city hotel.

'Dumpling Studio' have opened a restaurant downstairs and the complex is within walking distance to everything the city has to offer.

The outdoor area has loads of room for relaxing around the pool or to enjoy some soothing time in the spa. There is a commercial laundry in the building as well as secure underground car parking with direct lift access.

This complex lends a lot to the astute investor looking to hold the apartments in readiness for the upswing in the Cairns Property Market.

For further details please contact Geena Court on 0418 770919


Features

12

12

Property ID 18275585
Outside Spa
Secure Parking
Alarm System
Air Conditioning
Built In Robes
Furnished
In Ground Pool

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