Palm Beach, Queensland

HOLIDAY MANAGEMENT RIGHTS AT PALM BEACH

SOLD

Business Description

We are pleased to have been appointed as selling brokers for the Management Rights of this mid to high rise business. This business consists of two separate buildings alongside one another and therefore allows the business to be run with one licence.
There are a total of 26 units of which 9 are in the letting pool.
Motivated managers wish to retire back to New Zealand.
This business is ideal for those who are not yet ready to fully retire but still want to enjoy the relaxed lifestyle with minimal work load that this property offers.
Nett Profit $82,000

Business Summary

Business Snapshot

Price: SOLD Net Profit: $80,000 Remuneration / Body Corp Salary: $48,500Business Value: $240,000

Managers Unit

Pets OK: Yes

Complex Information

Complex Type: MixedTotal Units in Complex: 36Total Units in Letting Pool: 10Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 19 years

Marketing Agent

Trevor Granville

A B Brokers

Key Investment Insights

AI generated. Confirm details with the seller.

1. Management rights business for sale at Palm Beach, with two separate buildings and one license.
2. 26 units in total, with 9 currently in the letting pool.
3. Motivated managers looking to retire back to New Zealand.
4. Ideal business for those looking for a relaxed lifestyle with minimal workload.
5. Nett profit of $82,000.
6. Managers unit allows pets.
7. Complex type is mixed, with a total of 36 units and 10 in the letting pool.
8. Agreement module is accommodation, with a term of 25 years and 19 years remaining.
9. Good opportunity for potential growth and increasing the letting pool.
10. Located in a popular holiday destination with potential for high occupancy rates.