A highly sought after locale, Palm Beach continues its evolution in what is undeniably a renaissance era.
Holiday every day with a short stroll from your ground floor apartment to the sand and surf of Palm Beach.
Management Rights Business
* $192,289* Net Operating Profit (year end 31 December 2024) up 20%* year on year
* Long term Caretaking and Letting agreements to 1 October 2044 (circa 20 years remaining)
* No fixed hours; Do the caretaker's duties on your schedule
* Salary review annually - CPI mechanism every November
* 28 lots in complex with 16 units in the letting pool
* Upside potential to grow letting pool within the complex
* Front desk and separate office
Apartment Features
* Master retreat with walk in robe, spacious ensuite
* Generously sized second bedrooms with built in robes
* Chef's kitchen with granite bench tops
* Spacious wrap-around balcony with highly desirable north-east aspect
* Split reverse cycle air conditioning units
* Quality window fittings & floor tiles
* One secure basement car park with ample onsite visitors parking
Complex Features
* Pool
* Sauna
* BBQ area
* Games room
* Landscaped grounds
* Pet friendly complex
Ideal for a semi retired couple or for a young family seeking a reliable second income stream, this stunning, two bedroom, two bathroom apartment with caretaker's salary plus letting income is exactly what you are looking for!
Don't miss your chance… contact me today!
*Approx.
Disclaimer:
Ray White has not independently checked any of the information we merely pass on. We make no comment on and give no warranty as to the accuracy of the information contained in this document which does not constitute all or any part of any offer or contract by the recipient. Prospective purchasers / lessees must rely on their own enquiries and should satisfy themselves as to the truth or accuracy of all information given by their own inspections, searches, inquiries, advices or as is otherwise necessary. No duty of care is assumed by Orchid Avenue Realty trading as Ray White Surfers Paradise Commercial divisions toward the recipient with regard to the use of this information and all information given is given without responsibility.
1. Highly sought after location in Palm Beach, a rapidly evolving area
2. Management rights business with long term caretaking and letting agreements
3. Net operating profit of $192,289, with a 20% increase year on year
4. Potential for growth in the letting pool within the complex
5. No fixed hours, allowing for flexible schedule
6. Annual salary review and CPI mechanism in place
7. 28 lots in the complex with 16 units in the letting pool
8. Apartment features a master retreat, chef's kitchen, and spacious balcony
9. Complex amenities include a pool, sauna, BBQ area, and games room
10. Ideal opportunity for a semi-retired couple or young family looking for a reliable second income stream.
