56/2 Molloy Promenade, Joondalup WA 6027

Luxury Penthouse Living With Exceptional Space & Returns

A rare gem in the heart of Joondalup, this expansive two-storey penthouse delivers an elevated standard of apartment living, combining impressive scale, refined finishes, and exceptional versatility. Positioned within the tightly held 'Cove' Apartments, this top-floor residence enjoys a commanding outlook and a sense of privacy that is seldom found in apartment living.

Spanning an impressive 217sqm, the home has been thoughtfully renovated to maximise both space and lifestyle. The lower level welcomes you into a light-filled open living environment where the kitchen, dining, and lounge flow effortlessly, creating a sophisticated yet comfortable setting for everyday living and entertaining. Large windows invite natural light and outlooks, enhancing the sense of openness throughout.

Outdoor living is a true highlight, with an expansive wraparound balcony providing uninterrupted views and a tranquil space to relax or entertain. Upstairs, a generous secondary living area offers further flexibility, perfectly suited for a private theatre, study, or retreat, complemented by two additional outdoor zones that allow you to tailor the space to your lifestyle.

The master suite is positioned upstairs for privacy, offering a calm retreat complete with a walk-in wardrobe and a well-appointed ensuite. Additional bedrooms are generously proportioned and ideal for family members, guests, or those working from home.

For investors, this penthouse represents a standout opportunity. Currently leased $975 per week, it offers one of the strongest rental returns in the area with no immediate work required and no vacancy period - a high-quality asset in a high-demand location.

Secure parking, lift access, and excellent on-site security complete the offering, delivering peace of mind and everyday convenience in a truly central setting.

Property Features:

-Expansive 217sqm two-storey penthouse (largest in the complex)
-Three generously sized bedrooms with mirrored built-in robes
-Master suite with walk-in wardrobe and private ensuite
-Three balconies, including a wraparound balcony with uninterrupted views
-Modern open-plan kitchen with quality appliances and XL fridge recess
-Multiple living zones ideal for theatre, study, or activity areas
-Combined bathroom and laundry with oversized shower and stone benchtop
-Reverse-cycle air conditioning
-Four ceiling fans with dimmable LED lighting
-Modern LED lighting throughout with dimming features
-High-end security screens and electronic building access
-Large internal storage cupboards
-Two secure, side-by-side car bays located next to the lift
-Separate secure storage room on the ground level
-Currently Tenanted $975 p/w until October

Location Highlights (Approx. Distances & Time):

Shopping & Dining:
-Joondalup Square - 750m / 2 mins
-Spudshed Joondalup - 950m / 3mins
-The Gateway Shopping Centre - 1.4km / 4mins
-Lakeside Joondalup - 2.4km / 5mins
-Lifestyle & Transport
-Edgewater Quarry Park - 1.8km / 3mins
-Joondalup Train Station - 2.3km / 5mins
-Lake Joondalup - 2.4km / 5mins
-Ramsay Joondalup Private Hospital - 2.6km / 4mins
-HBF Arena & Gym - 3.0km / 6mins

Education:
-Edith Cowan University - 180m /1min
-Mater Dei College - 1.4km / 3mins
-North Metropolitan TAFE Joondalup - 1.5km / 3mins
-Edgewater Primary School - 1.8km / 3mins
-Belridge Secondary College - 2.8km / 6mins
-Ocean Reef Senior High School - 4.4km / 7mins

Offering an exceptional balance of security, efficiency, and lifestyle, this penthouse is ready to be enjoyed from day one. Opportunities of this calibre in the heart of Joondalup are rare - don't miss out on this beautiful opportunity.

Contact Kai Ng or Namat Mahrami to register your interest.

Disclaimer: The particulars of this listing have been prepared for advertising and marketing purposes only. We have made every effort to ensure the information is reliable and accurate; however, clients must carry out their own independent due diligence to ensure the information provided is correct and meets their expectations.