Palm Beach, Queensland
Sold & Settled - ID 9128
SOLD
Business Description
Permanent Management Rights For Sale
Great Return on Investment
- 100m to the ocean at Palm Beach
- As new building (4 years old)
- High demand rental area, within Currumbin Highschool catchment zone
- Multiple visitor carparking
- Secure access with fobs and intercom to all apartments
- Generous salary of $98,855 + GST
- Short drive to M1 and Gold Coast Airport
- Minimal workload
This is a rare opportunity to purchase a Management Rights business in a new building without the need to buy real estate. This business in ideal for anyone new to the industry or an existing operator looking to add to their management rights portfolio.
For further information or to arrange an inspection of this Gold Coast Management Rights business for sale contact:
Management Rights Brokers
Gerard Dixon & Phil Trimble
Property Code: 766
Business Summary
Business Snapshot
Price: SOLD
Net Profit: $114,976 Remuneration / Body Corp Salary: $98,855Business Value: $525,000
Managers Unit
No real estate to purchase with this business.
Complex Information
Complex Type: PermanentTotal Units in Complex: 62Total Units in Letting Pool: 4Owner Occupy Units: 58Agreement Module: AccommodationAgreement Term: 20 yearsAgreement Term Remaining: 25 yearsPool: YesGym: Yes
Key Investment Insights
1. Sold and settled listing, indicating transaction completed.
2. Strong financials, reported net profit $114,976, with generous remuneration/body corporate salary $98,855 plus GST.
3. Prime beachside location, approximately 100 metres to the ocean at Palm Beach.
4. As-new building, just 4 years old, reducing near-term capital expenditure risk.
5. High-demand rental area, located within Currumbin High School catchment zone.
6. Small letting pool, 4 of 62 units in letting pool, 58 owner-occupied, implying stable resident profile and limited short-stay turnover.
7. Permanent management rights for a 62-unit complex, agreement module: accommodation.
8. Long agreement security, 25 years remaining on the management agreement.
9. On-site amenities include a pool and gym, enhancing resident appeal and unit values.
10. Secure building access with fobs and intercom to all apartments, improving safety and management control.
11. Multiple visitor carparking on site, supporting owners and short-term visitors.
12. Convenient transport links, short drive to the M1 and Gold Coast Airport, and noted minimal workload, suitable for new entrants or portfolio add-on.
