196A-196B SHERIDAN STREET, Cairns North, QLD 4870

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.