Palm Beach, Queensland

Prominent Beachfront Holiday Complex at Palm Beach - 1P5276MR

Management Rights $1,282,000

Property Description

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 $133,694

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

REAL ESTATE PRICE : $710,000
BUSINESS PRICE : $572,000
TOTAL ASKING PRICE : $1,282,000

Property Summary

Business Snapshot

Price: Management Rights $1,282,000 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
CRE Brokers
CRE Brokers

CRE Brokers

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