Palm Beach, Queensland

Prominent Beachfront Holiday Complex at Palm Beach - 1P5276MR

Management Rights $1,340,000

Property Description

Wow!! The borders are due to open up soon and this wonderfully located beach front business is expected to welcome back past and new holiday makers from the southern states to this idyllic spot on the Gold Coast.

With great views and direct access to a beautiful beach, this easy to run complex could be just what you are looking for. Your own steady business, small but nicely appointed 2 bedroom, 2 bathroom ground floor apartment and life-style to suit, could help secure the future that is often dreamt about.

TOTAL NUMBER OF UNITS : 30
UNITS IN LETTING POOL : 17
NET PROFIT $130,000

MANAGERS RESIDENCE : 2 bedroom, 2 bathroom ground floor apartment with secure car park and small office nook.

REAL ESTATE PRICE : $820,000
BUSINESS PRICE : $520,000
TOTAL ASKING PRICE : $1,340,000

Property Summary

Business Snapshot

Price: Management Rights $1,340,000 Net Profit: $133,694 Remuneration / Body Corp Salary: $49,011Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $710,000Bedrooms: 2Bathrooms: 2Car Spaces: 1Office: On TitlePets OK: Yes

Complex Information

Complex Type: HolidayTotal Units in Complex: 30Total Units in Letting Pool: 17Holiday Units: 17Owner Occupy Units: 8Outside Agent Units: 1Lockup Units: 4Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 21 yearsPool: YesSpa: YesBBQ Area: YesWIFI: Yes

Other Features / Notes

A:MANAGEMENT RIGHTS, B:MANAGEMENT RIGHTS, C:QLD - Gold Coast/Brisbane
Marketing Agent
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