Palm Beach, Queensland

Mere Footsteps from the Beach!!

$4,500,000

Business Description

Mere Footsteps from the Beach!!

This complex is situated directly opposite to one of the Gold Coast’s most treasured beaches. Relax and enjoy this absolute beachfront accommodation, with 180-degree views of the Pacific Ocean and the surrounds.

On offer from this complex, alfresco-style dining on the beachfront to sightseeing in the surrounding Parklands. Explore the scenic neighbours, Currumbin and Burleigh Heads, then unwind onsite with resort facilities that include a heated swimming pool, spa, a full-size outdoor tennis court, sauna, gym, games room and BBQ area. Images might not depict this complex.

Some of the checklist includes; supervisory role with long term agreements, no office hours, on-title office, no need to live onsite and a healthy sinking fund.

The managers 2-bedroom, 2-bathroom apartment incorporates an open plan living and dining area, and a fully functional kitchen. Lock-up garage and ample storage.

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: $4,500,000 Net Profit: $470,200 Remuneration / Body Corp Salary: $94,300

Managers Unit

Value of Managers Apartment: $1,650,000Bedrooms: 2Bathrooms: 2Car Spaces: 3Office: On TitlePets OK: Yes

Complex Information

Complex Type: HolidayTotal Units in Complex: 81Total Units in Letting Pool: 27Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 24 yearsPool: YesSpa: YesSauna: YesGym: YesTennis Court: YesGames Room: YesBBQ Area: YesWIFI: Yes

Marketing Agent

Gavin Mattig

0409 60....

Gavern Property - Management Rights

Key Investment Insights

Key Insights:

1. Prime Location: The complex is situated directly opposite one of the Gold Coast's most popular beaches, making it an attractive destination for tourists and holiday-goers.

2. Stunning Views: The complex offers 180-degree views of the Pacific Ocean and the surrounding area, providing a picturesque and relaxing setting for guests.

3. Resort Facilities: The complex offers a range of resort facilities, including a heated swimming pool, spa, tennis court, sauna, gym, games room, and BBQ area, providing guests with a variety of activities to enjoy during their stay.

4. Long-Term Agreements: The complex has long-term agreements in place, providing stability and security for the managers and potential buyers.

5. No Office Hours: The complex does not require the managers to have set office hours, allowing for a more flexible and relaxed lifestyle.

6. On-Site Office: The managers have an on-title office, providing convenience and ease of access for managing the complex.

7. Healthy Sinking Fund: The complex has a healthy sinking fund, ensuring that any necessary repairs or maintenance can be covered without significant financial strain.

8. Manager's Apartment: The manager's apartment is a spacious 2-bedroom, 2-bathroom unit with a fully functional kitchen, lock-up garage, and ample storage space.

9. Pet-Friendly: The complex allows for pets, making it an attractive option for pet owners looking for holiday accommodation.

10. Holiday Complex: The complex is a holiday complex, providing the opportunity for high occupancy rates and potential for strong returns on investment.

11. Large Complex: The complex has a total of 81 units, with 27 units in the letting pool, providing a significant potential for growth and expansion.

12. Accommodation Agreement: The complex operates under an accommodation agreement module, providing flexibility and potential for growth in the management rights industry.

13. Long-Term Agreement Remaining: The current agreement has 24 years remaining, providing long-term security for potential

Management Rights Multiplier: 6.06
ROI Estimate: 16.50%