Premium Level 1 Apartment with Strong Rental Appeal in Palm Cove PALM COVE QLD

Description

A premium Level 1 apartment combining a larger one-bedroom floorplan, contemporary coastal finishes and resort-style living in one of Far North Queensland’s most recognised beachside destinations. Apartment 36 offers approximately 56m² of total area, with one bedroom, one bathroom and one car space. The larger floorplan provides a more defined living arrangement than the standard open-plan apartments, while still maintaining a low-maintenance coastal feel.

Property Highlights
Premium Level 1 position
1 bedroom
1 bathroom
1 car space
Approx. 56m² total area
Open-plan living
Air-conditioned throughout
Contemporary coastal interiors
Landscaped outdoor BBQ areas
Resort-style swimming pool
Tropical landscaped surrounds
Professionally managed investment option
Wellness and relaxation facilities

Investment Snapshot
Estimated long-term rent: $670 per week
Indicative long-term gross yield: 5.37%
Indicative short-term return at 60–65% occupancy: $1,163.44 per week
Indicative short-term rental yield: 5.25%
Weekly levy: $126.56

What Makes This Apartment Stand Out
The key difference here is the premium one-bedroom configuration. At approximately 56m², Apartment 36 provides a larger and more comfortable layout than the standard open-plan apartments, giving it stronger appeal to both longer-term tenants and short-stay guests. Its Level 1 position adds privacy, while the generous internal proportions create a more residential feel without losing the ease and convenience of apartment living.

Quality Coastal Interiors
The broader apartment specification includes premium integrated appliances, custom shaker-style cabinetry, 40mm stone benchtops, natural stone and timber elements and brass detailing, creating a refined coastal aesthetic.

Why Palm Cove?
Palm Cove sits between Cairns and Port Douglas, approximately 25 minutes from Cairns Airport, with easy access to the Great Barrier Reef and Daintree Rainforest. The beachfront village offers cafés, restaurants and a relaxed tropical setting, while strong year-round tourism supports both long-term rental and short-stay accommodation demand.

For buyers seeking a premium one-bedroom apartment with a larger floorplan and strong rental appeal, Apartment 36 presents a compelling opportunity in Palm Cove.





Disclaimer:
All images, renders, and plans are for illustrative purposes only and may not represent the final product. Prices, availability, and specifications are subject to change without notice. Any information provided is of a general nature and should not be considered financial or legal advice. The listing agent or agency does not accept responsibility for any inaccuracies, errors, or omissions in this advertisement. Interested parties are encouraged to conduct their own research and seek independent advice before making any purchasing decisions. Final inclusions, dimensions, and finishes may vary.