Palm Beach, Queensland

Management Rights Supreme!!

$10,270,000

Business Description

Management Rights Supreme!!

Ideally positioned with abundant sea views and all the resort facilities in one place. Choices abound - beach, play grounds for children, bowling clubs, shopping, village markets, theme parks, wildlife sanctuaries, hinterland tours, airport and many more activities - all accessible from this one place.

On offer for discerning residents and guests - pool, spa, gym, tennis court, sauna, steam room, BBQ, games room, secure parking and of course the beach. Images do not depict this management rights.

Well-appointed living on offer for the manager and although a busy work schedule, opportunity abounds for the astute manager or syndicate.

This management rights requires only suitably experienced and financially qualified operators - might be ideal for syndication.

To arrange an inspection please call: Gavin

Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.

Business Summary

Business Snapshot

Price: $10,270,000 Net Profit: $1,140,000 Remuneration / Body Corp Salary: $430,000

Managers Unit

Value of Managers Apartment: $2,800,000Bedrooms: 4Bathrooms: 4Car Spaces: 4Office: On TitlePets OK: Yes

Complex Information

Complex Type: MixedTotal Units in Complex: 236Total Units in Letting Pool: 90Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 25 yearsPool: YesSpa: YesSauna: YesGym: YesTennis Court: YesGames Room: YesBBQ Area: YesWIFI: YesFunction Facilities: Yes

Marketing Agent

Gavin Mattig

0409 60....

Gavern Property - Management Rights

Key Investment Insights

1. Prime location with abundant sea views and easy access to a range of activities and amenities.
2. Well-appointed living for the manager and potential for syndication.
3. Strong financial performance with a net profit of $1,140,000 and remuneration/body corp salary of $430,000.
4. Manager's unit valued at $2,800,000 with 4 bedrooms, 4 bathrooms, and 4 car spaces.
5. Mixed complex with a total of 236 units and 90 units in the letting pool.
6. Accommodation agreement module with a remaining term of 25 years.
7. Resort facilities include a pool, spa, gym, tennis court, sauna, steam room, BBQ, and games room.
8. Potential for additional income through function facilities and WIFI.
9. Requires experienced and financially qualified operators.
10. Pet-friendly complex.

Management Rights Multiplier: 6.55
ROI Estimate: 15.26%