Palm Beach, Queensland
Owner Says Sell - Priced Below Market - ID 8546
$1,629,000
Business Description
Mixed Letting Management Rights For Sale
Generous Sized Two Bedroom Residence + Office
- Only 3.3 multiple
- Easy walk to the sand and surf at Palm Beach on the Gold Coast
- Long agreements
- Can be run by a single person
- Mix of permanent and holiday rentals
- Resort style facilities ideal for holiday makers
- Upgraded new lift
- Body corp salary above $70,000
Palm Beach on the Gold Coast has undergone a remarkable surge in popularity and growth, transforming from a quiet suburb into a vibrant coastal community. Its stunning coastline, renowned for its pristine beaches and excellent surf, has attracted visitors and residents alike. With an increase in residential development and a wealth of amenities, including great cafes and dining options, Palm Beach has become a desirable destination for both living and vacationing. Its strategic location between Surfers Paradise and Coolangatta further enhances its appeal, ensuring easy access to major attractions and transportation routes. A sought-after destination for those seeking the perfect blend of coastal living and urban convenience.
Net Profit: $225,040
Asking Price: $1,629,000
(Inclusive of Manager’s Real Estate)
For further information or to arrange an inspection of this Gold Coast Management Rights business for sale contact:
Management Rights Broker
Phil Trimble
Property Code: 795
Business Summary
Business Snapshot
Price: $1,629,000
Net Profit: $225,040 Remuneration / Body Corp Salary: $71,676
Managers Unit
Value of Managers Apartment: $799,000Bedrooms: 2Bathrooms: 2Car Spaces: 1The Manager’s apartment is located on the ground floor. It has 2 bedrooms, 2 bathrooms and 1 car space. The apartment is modern and spacious and has been partially renovated with new stone benches etc. The balcony has a north-east aspect picking up the cool afternoon breeze. The apartment offers a very comfortable living space and comes with air conditioning, fans, security screens a large private balcony. This residence makes for idyllic living in a beachside setting. The office/reception is not attached to the apartment and is on exclusive use. The reception area is approximately 12m². The management booking system is Resly. All equipment to maintain the complex is owned and maintained by the Body Corporate.
Complex Information
Complex Type: HolidayTotal Units in Complex: 28Total Units in Letting Pool: 15Owner Occupy Units: 6Outside Agent Units: 2Lockup Units: 4Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 19 yearsPool: YesSpa: YesSauna: YesGames Room: YesBBQ Area: Yes
Key Investment Insights
Management Rights Multiplier: 3.69
ROI Estimate: 27.11%
