Palm Beach, Queensland

PALM BEACH - OFF THE PLAN BUILDING - CARETAKING ONLY - $100K SALARY | Resort Brokers ID : OTP007033

$523,000

Property Description

A contemporary 75 apartment building in the heart of Palm Beach! Great opportunity for an experienced manager to secure a prime-located, permanent management rights underpinned by solid BC salary and new 25 year agreements.




  • Construction is well-progressed with building due to be finished by Feb 2022

  • 75 luxury-finished apartments with 1, 2, 3 & 4 bedroom configurations

  • Solid $99,750 Body Corporate salary with CPI increase annually

  • Brand new 25 year accommodation agreements

  • Rooftop pool and recreational area with BBQ facility

  • Foyer entry, lift access, secure basement parking and beach access

  • Majority of owner occupiers with 6 potential letting appointments @ $5K each

  • Fantastic add-on business for an experienced caretaker

  • Developed by the Drew Group

  • Ideal chance to get a great business and enjoy a coastal lifestyle

  • Be quick, call now to find out all the details about this exciting business opportunity!


All inspections are strictly by appointment only


Date updated: 23 Jan 2022 22:00:10

Property Summary

Business Snapshot

Price: $523,000 Net Profit: $99,750 Remuneration / Body Corp Salary: $99,750

Managers Unit

Complex Information

Complex Type: PermanentTotal Units in Complex: 75Total Units in Letting Pool: 6Holiday Units: 6Owner Occupy Units: 69Agreement Term Remaining: 25 years
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