17/208 Grafton Street, Cairns North QLD 4870

Top-floor corner unit | two streets from Esplanade | near hospital and high school | flood overlay flagged This unit’s top-floor corner position is its strongest structural advantage, delivering natural light and cross-breezes that lower apartments lack. Recent upgrades — new kitchen, split-system air-conditioning, fresh paint — mean the buyer avoids immediate renovation cost and can occupy or lease from settlement. The location, 300 metres from Cairns Base Hospital and walking distance to the CBD and Esplanade, supports strong rental demand from both long-term tenants and short-stay operators. A first-home buyer or investor seeking a low-maintenance, centrally positioned property in a tight market would find this unit competitive. The flood overlay is the primary risk and should be investigated through council flood mapping and insurer quotes before exchange. Strata records need review to confirm parking and storage are on title and to assess body corporate fees and sinking fund health. The westerly aspect, while offering mountain views, may increase afternoon heat load, though the new air-conditioning mitigates this. For an investor, the rental estimate of $515 per week supports a gross yield near 6% at the mid-$400,000s price point, which is solid for the area. Hold this property as a core inner-city unit with low upkeep and steady tenant demand.