9/10-14 Amphora Street Palm Cove QLD 4879

First-floor studio | 50m to beach | Holiday let zoning | 100% owner-occupied complex The property’s strongest buying case is its position in a fully owner-occupied complex with holiday let approval, a rare combination that limits short-term rental competition while preserving capital stability. The 45-square-metre footprint is compact, but the dedicated carport, balcony, and ensuite make it a self-contained beachside unit that rents reliably at $520 per week. This configuration suits an investor seeking a low-maintenance, high-yield holding in a tightly held complex where turnover is minimal and demand is driven by Palm Cove’s permanent tourism draw. The primary risk is the constrained floor plan, which limits appeal to owner-occupiers and caps long-term capital growth below that of larger units in the same complex. The $255,000 asking price sits well below the estimated $310,000 to $314,000 range, suggesting either a motivated seller or a condition issue not disclosed in listings. A buyer should verify body corporate records for any special levies or upcoming maintenance, as the complex’s older demographic may mean deferred common-area works. The opportunity is to acquire below market value, lock in a 10.6% gross rental yield, and hold for income rather than appreciation. Use this unit as a cash-flow-positive holiday let with minimal management overhead.