817/12-21 Gregory Street, Westcourt QLD 4870

Pool-facing end unit | dual secure parking | resort-style complex | tenanted until 2026 | larger 158m² internal This unit presents a competitively strong proposition within its suburb, primarily due to its scale and configuration which are atypical for Westcourt. The internal floor area of 158 square metres substantially exceeds the standard for a two-bedroom apartment, offering a spatial premium often reserved for houses. Combined with two side-by-side secure car spaces and an end position with pool views, the property functions more as a horizontal residence than a compact vertical unit, appealing to owner-occupiers seeking apartment convenience without compromise and to investors targeting the premium end of the rental market. Its tenanted status within a sought-after, gated complex with resort amenities underscores immediate rental demand and lock-and-leave appeal, positioning it optimally for a passive investor or a future owner-occupier. The decision hinges on acknowledging the explicit flood overlay, a common but non-negligible Cairns risk that imposes higher insurance costs and potential future capital constraints. Offsetting this is the property’s inherent scarcity-larger format units with dual parking in full-feature complexes are transacted infrequently, creating a value anchor. For an investor, acquiring it with a sitting tenant provides instant income continuity; for an owner-occupier, it offers a long-term lifestyle holding with superior space. The commercial logic favours purchase at a point within the guide that factors in the flood-related holding costs, treating the unit as a durable holding to outcycle typical market volatility.