340–346 Sheridan Street

Why This Opportunity

Cairns benefits from strong domestic and international tourism demand as the gateway to the Great Barrier Reef and Daintree Rainforest. With hotel occupancy rates recovering and limited new supply in the market, this mixed-use site offers a compelling entry point. The 2032 Brisbane Olympic Games will drive unprecedented international visitor growth across Queensland, making demand for quality hotel and short-term accommodation forecast to strengthen significantly. A project on this timeline captures peak Olympic-era visitation.

Key Development Conditions

• ✓Lots 29, 30, 31, 32 must be consolidated
• ✓Building height must not exceed 30.5m AHD
• ✓Airport noise insulation must comply with AS2021 standard
• ✓Crane and equipment use during construction requires prior approval from CASA + Airservices Australia
• ✓Development Permit for Building Work + Plumbing Work required
• ✓DA renewal application available (expired ~3 months ago, owner confirmed capability)

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