35/259 Sheridan Street, Cairns North QLD 4870

Studio apartment | resort complex | short-term letting | city-fringe location | fully furnished This property presents a competitively positioned entry point into the Cairns North market, where the average price exceeds $900,000. The studio’s compact footprint and resort-style amenities, including a pool and BBQ area, are rare for this price band and directly support its short-term letting potential. The fully furnished, low-maintenance configuration serves investors seeking immediate holiday rental income, while the westerly balcony and air-conditioning add practical appeal for tenants. Its location within walking distance to cafés and public transport strengthens demand from tourists and short-stay visitors. A key risk is the property’s status as a studio within a complex designed for short-term letting, which may limit appeal for owner-occupiers seeking larger spaces or permanent residences. The off-market status on one source suggests possible recent activity or dual listing, requiring verification of current availability. However, the transparent pricing and active marketing from multiple agents indicate genuine seller motivation. The opportunity lies in acquiring a budget-friendly entry into a high-demand suburb, with consistent rental returns supported by the complex’s management and location near the airport and CBD.