Palm Beach, Queensland
Rare Chance to Own Profitable Coastal Gem!
$550,000 - Business Only
Business Description
Unlock a unique investment opportunity with the business-only management rights to Acqua Apartments, nestled in the heart of Palm Beach on the stunning Gold Coast. This rare proposition offers near-new management rights with an impressive 24-year tenure and no obligation to own real estate within the building, providing flexibility and ease for experienced operators or those looking to expand their management portfolio.
Acqua Apartments is a boutique residential complex consisting of 62 meticulously designed units, offering a range of two- and three-bedroom configurations to cater to various lifestyles. Set within a tranquil and picturesque neighborhood, Acqua is highly sought after by both investors and tenants who desire a slice of beachside paradise. The property is just minutes away from patrolled beaches, making it an ideal location for those who cherish coastal living.
The complex features a central courtyard, a swimming pool with a poolside deck, a gymnasium, and a rooftop terrace with a barbecue area perfect for entertaining. These facilities contribute to the high occupancy rate and strong tenant demand, ensuring consistent returns for the management rights holder.
The business boasts a strong financial profile with a net profit of $111,152 and a solid Body Corporate salary of $96,537, reflecting the robustness and profitability of this venture.
Acqua Apartments also provides a dedicated manager’s office and a storage facility under the Owner’s Agreement (OA), making it easy to manage the business efficiently. The absence of a requirement to live onsite further enhances the appeal, allowing for greater property management flexibility.
Acqua Apartments is situated in one of the Gold Coast’s fastest-growing suburbs. Palm Beach, affectionately known as “Palmy,” is renowned for its relaxed, holiday-like atmosphere and small-town charm, despite recent developments. The area offers a vibrant local scene with easy access to Burleigh Heads and the Gold Coast Airport.
Business Summary
Business Snapshot
Price: $550,000 - Business Only
Net Profit: $111,152 Remuneration / Body Corp Salary: $96,537
Complex Information
Complex Type: PermanentTotal Units in Complex: 62Total Units in Letting Pool: 5Owner Occupy Units: 57Agreement Term: 25 yearsAgreement Term Remaining: 24 years
Key Investment Insights
1. Business-only management rights for a boutique residential complex in Palm Beach, Gold Coast
2. No obligation to own real estate within the building, providing flexibility for experienced operators or those looking to expand their management portfolio
3. 24-year tenure with a strong Body Corporate salary of $96,537
4. Highly sought after location just minutes away from patrolled beaches
5. Tranquil and picturesque neighborhood with a relaxed, holiday-like atmosphere
6. 62 meticulously designed units offering a range of two- and three-bedroom configurations
7. Central courtyard, swimming pool, gymnasium, and rooftop terrace with barbecue area for tenant use
8. Strong financial profile with a net profit of $111,152
9. Dedicated manager's office and storage facility under the Owner's Agreement
10. No requirement to live onsite, providing greater property management flexibility
11. Located in one of the Gold Coast's fastest-growing suburbs with easy access to Burleigh Heads and the Gold Coast Airport
12. Permanent complex with 5 units in the letting pool and 57 owner-occupied units
13. Agreement term of 25 years with 24 years remaining.
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