Beautiful Palm Beach, towards the southern end of the Gold Coast, has been voted the cleanest stretch of sand in Queensland three times. Situated between Burleigh Heads and Currumbin, this once languid seaside village has become one of the trendiest places in Australia’s favourite holiday area.
It blends glorious natural beauty with the chic urban cool of excellent restaurants and upmarket bars.
Still, the laid back character of Palm Beach remains for anyone who just wants to take in the sun, sand, surf and lush surrounds.
Craig Cornish, from Ray White Commercial Gold Coast, is marketing the Management and Letting Rights business for the Beach Palms Holiday Apartments on the Gold Coast Highway. The resort offers postcard moments from dusk to dawn, and close by are pristine beaches, award winning restaurants and breathtaking views.
Mr Cornish said the business is on offer at $729,000 which is 4 ½ times the net profit. The manager’s apartment is for sale with offers above $900,000.
Mr Cornish said the property presented a wonderful lifestyle opportunity with a sound business return for limited hours. “It’s ideal for a semi-retired couple or for a young family seeking a reliable second income stream,” he said.
“It has a stunning, two-bedroom, two-bathroom apartment and the caretaker's salary plus letting income.” Mr Cornish said the Beach Palms MLR offered new managers the chance to holiday every day with a short stroll from the luxury ground floor apartment to the sand and surf of Palm Beach.
“Palm Beach is a highly sought after location,” he said, “ and it continues its evolution in what is undeniably a renaissance era. The gentrification has made it so desirable as a destination and home.
“The property has easy access to public transport, and the Gold Coast International Airport. Shopping centres, along with many restaurants, coffee shops and local schools, are all within a short walk or drive. The proximity to the M1 highway makes accessing northern NSW a breeze.
“At Beach Palms Resort you will be surrounded by greenery and abundant water aspects giving a feeling of privacy with tranquillity.”
The two-bedroom manager’s apartment features a master retreat with walk in robe, and spacious ensuite, and a generously sized second bedroom with built-in robes. There is a chef's kitchen with granite bench tops, and a spacious wrap-around balcony with highly desirable north-east aspect.
The apartment also comes with a secure basement car park and ample onsite visitors parking. There is a front desk and separate office. The pet friendly complex features a pool, sauna, BBQ area, games room, and landscaped grounds.
Beach Palms houses 28 lots in the complex with 16 units in the holiday letting pool and there is upside potential to grow that letting pool within the complex.
The Management Rights business returned $162,026 Net Operating Profit for the year ending 31 January 2024.
There are long-term caretaking and letting agreements to October 1, 2044 (20+ years remaining)
Also, the manager has no fixed hours and can perform the caretaker's duties on your schedule. There is a salary review annually, with CPI mechanism every November.
Palm Beach is bordered by Tallebudgera Creek to the north, Currumbin Creek to the south, the ocean to the east and canals flowing throughout the suburb. Surfing, boating, fishing, beach walks and paddleboarding are popular activities, and the Palm Beach Parklands contains a pirate-themed playground, a calm lagoon, beautiful walking tracks and a lovely cafe to laze away the hours.
Related Content
View the Listing Details Accommodation for Sale Latest Industry News
