Palm Beach, Queensland

Exclusive Opportunity: Caretaking Only Palm Beach

$520k - Business Only

Business Description

The opportunity to purchase a Business Caretaking 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 78 residences offering unparalleled ocean views and luxurious living spaces, designed by Rothelowman Architects.

With the Body Corporate $105,000 along with 25 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: $520k - Business Only Net Profit: $105,000 Remuneration / Body Corp Salary: $105,000

Complex Information

Complex Type: PermanentTotal Units in Complex: 78Owner Occupy Units: 53Outside Agent Units: 25Agreement Term: 10 yearsAgreement Term Remaining: 8 years

Marketing Agent

Paul Mueller

0439 25....

Ras360

Key Investment Insights

AI generated. Confirm details with the seller.

1. Business only purchase priced at $520,000, with no additional real estate acquisition required.
2. Reported net profit and annual Body Corporate remuneration are both $105,000.
3. Caretaking only management rights with eight years remaining on a ten year agreement.
4. Exclusive use of a dedicated office and two secure storerooms supports property management operations.
5. Located in Palm Beach, one of the Gold Coast’s premier beachside locations.
6. Prestigious Hemingway development comprises 78 permanent residences, including 53 owner occupied units.
7. Designed by Rothelowman Architects, the development features ocean views and luxurious living spaces.