Palm Beach, Queensland

Live Beachfront! Total $1.38M Unit & Business

PRICE ADJUSTED! $415K MR & $965K Unit = Total $1.38M Absolute Beachfront!

Business Description

Wake up to the sound of waves and step directly onto golden sands - no roads, just pure oceanfront living. This rare, absolute beachfront Management Rights opportunity offers an enviable lifestyle and serious upside. Even better, it’s located in Palm Beach fast becoming the Gold Coasts destination of choice.

Currently operated to suit the owner’s lifestyle. Occupancy can be improved with ADR below market average with significant potential for growth. Bookings are mostly direct with over 20 years of repeat business and platforms like Expedia and Booking.com are under-utilised allowing new operators to grow volume.

The MR agreement requires operators to be onsite around 3 hours a day between (7am-5pm), with no fixed office hours. A Time in Motion review has been completed, with the caretaking salary now reflecting actual duties.

The complex includes 30 apartments, with 18 in the letting pool and room to grow. The body corporate recently took over mowing and garden duties, saving time and boosting profit. Cleaning is contracted by choice, allowing owners to focus on business operations. Contractors are reliable and recommended, though bringing cleaning in-house remains an option depending on lifestyle goals.

The managers residence is a beautifully renovated 2-bedroom beachfront apartment with sweeping ocean views. Agreements have 21 years remaining, and there's a healthy sinking fund of approx. $200,000.

All the heavy lifting has been done. This is a turnkey opportunity. Ideal for a hands-on operator or savvy couple ready to ramp up trade and enjoy a premium beachfront lifestyle.

Business Summary

Business Snapshot

Price: PRICE ADJUSTED! $415K MR & $965K Unit = Total $1.38M Absolute Beachfront! Net Profit: $147,581 Remuneration / Body Corp Salary: $66,779

Managers Unit

Value of Managers Apartment: $965,000Bedrooms: 2Bathrooms: 2Car Spaces: 1

Complex Information

Complex Type: Resort / HolidayTotal Units in Complex: 30Total Units in Letting Pool: 18Owner Occupy Units: 7Outside Agent Units: 4Lockup Units: 2Agreement Term: 25 yearsAgreement Term Remaining: 21 years

Marketing Agent

Syd Douglas

0427973....

Ras360

Key Investment Insights

1. Rare opportunity for absolute beachfront Management Rights in a highly sought-after location.
2. Potential for increased occupancy and revenue with below market average ADR and under-utilized booking platforms.
3. Flexible management agreement with only 3 hours of required onsite time per day.
4. Time in Motion review completed to accurately reflect caretaking duties.
5. Complex includes 30 apartments with 18 in the letting pool and room for growth.
6. Body corporate recently took over mowing and garden duties, saving time and boosting profit.
7. Cleaning is contracted, allowing owners to focus on business operations.
8. Managers residence is a beautifully renovated 2-bedroom beachfront apartment with sweeping ocean views.
9. Long agreements with 21 years remaining and a healthy sinking fund.
10. Turnkey opportunity ideal for a hands-on operator or savvy couple.
11. Potential for a premium beachfront lifestyle.

Management Rights Multiplier: 2.81
ROI Estimate: 35.56%