Palm Beach, Queensland
Exclusive Opportunity: Two Business Only Management Rights
$838,000 - Business Only
Business Description
The opportunity to purchase Two Business Only Management Rights in Palm Beach presents a rare investment without the need for additional real estate acquisition. This package is ideal for those looking to manage these sought-after properties in one of the Gold Coast’s premier beachside locations.
The sale includes the exclusive use of a dedicated office space and two secure storerooms, ensuring you have all the resources necessary to effectively manage the property and serve residents. The Hemingway itself is a prestigious development, with 75 residences offering unparalleled ocean views and luxurious living spaces, designed by Rothelowman Architects.
With the Body Corporate set at $153,716 and the current portfolio of 5 permanent rentals along with 20 additional units managed by outside agents, this business-only purchase offers a consistent income stream and the potential for future growth. Positioned in the vibrant Palm Beach area, Hemingway provides a prime opportunity for a savvy investor or experienced manager looking to operate in a thriving, exclusive community.
Business Summary
Business Snapshot
Price: $838,000 - Business Only
Net Profit: $162,642 Remuneration / Body Corp Salary: $153,716
Complex Information
Complex Type: PermanentTotal Units in Complex: 75Total Units in Letting Pool: 5Owner Occupy Units: 50Outside Agent Units: 20Agreement Term: 10 yearsAgreement Term Remaining: 10 years
Key Investment Insights
1. Rare opportunity to purchase two business only management rights in Palm Beach.
2. No need for additional real estate acquisition.
3. Includes dedicated office space and secure storerooms.
4. Prestigious development with 75 residences offering ocean views and luxurious living spaces.
5. Consistent income stream with potential for future growth.
6. Located in vibrant Palm Beach area.
7. Business only purchase with a net profit of $162,642.
8. Remuneration/Body Corp Salary of $153,716.
9. Complex type is permanent with a total of 75 units.
10. 5 units in the letting pool, 50 owner-occupied units, and 20 units managed by outside agents.
11. Agreement term of 10 years with 10 years remaining.
