Palm Beach, Queensland

PALM BEACH BLUE-CHIP PERMANENT RESIDENTIAL PROPERTY | Resort Brokers ID : MRB008193

$550,000

Business Description

ResortBrokers offers to market a blue-chip property - The Village, strategically positioned overlooking prestigious Palm Beach, on the iconic Gold Coast.

With an office on-site under Occupational Authority, no set office hours, and no requirement to own real estate or reside on-site, long-term 23-year agreements, low maintenance common areas, gardens, and facilities, this modern caretaking, business-only management rights opportunity will be highly sought after.

With the option of being gifted the current letting for 5 x permanent lots, as well as the upside potential to target the 14 x outside agents and grow the letting business, this beachside lifestyle business presents excellent value for an existing operator looking to expand.

- Caretaking, business only
-
No set office hours

-
No requirement to reside

-
No real estate to purchase

-
High demand Palm Beach location

- Solid $108+ Body Corporate salary
-
Further upside with CPI increases to the income

-
Option to grow and target letting

-
Total of74 permanent lots

- Inspections are by appointment only

Date updated: 10 Apr 2024 23:00:03

Business Summary

Business Snapshot

Price: $550,000 Net Profit: $108,666 Remuneration / Body Corp Salary: $108,666

Managers Unit

Complex Information

Complex Type: PermanentTotal Units in Complex: 74Total Units in Letting Pool: 5Outside Agent Units: 14Agreement Term Remaining: 25 years
Marketing Agent
Listing location

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