Palm Beach, Queensland

Live Beachfront! Total $1.38M Unit & Business

Under Contract / Offer

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: Under Contract / Offer 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. Absolute beachfront location, direct access to sand with no roads in between, offering premium lifestyle appeal and strong guest draw.
2. Situated in Palm Beach, an emerging Gold Coast destination, supporting future demand growth and marketing advantage.
3. Turnkey management rights opportunity, all major setup work completed, ready for an incoming operator to take over.
4. Long term agreements in place, 25 year original term with 21 years remaining, providing revenue stability.
5. Managers residence is a fully renovated 2 bedroom beachfront apartment valued at $965,000, with sweeping ocean views, enhancing owner lifestyle and asset value.
6. Current net profit $147,581, plus additional remuneration/body corporate salary of $66,779, delivering a combined owner return.
7. Complex comprises 30 apartments with 18 currently in the letting pool, indicating clear capacity to grow letting inventory.
8. Occupancy and average daily rate are below market, presenting tangible upside through yield management and pricing adjustments.
9. Bookings are mostly direct with over 20 years of repeat business, while Expedia and Booking.com are under‑utilised, signalling scalable channel optimisation.
10. MR operator obligations are light, onsite requirement approximately 3 hours per day between 7am and 5pm, with no fixed office hours, suiting lifestyle buyers.
11. Body corporate now manages mowing and garden duties, reducing operator workload and increasing profit; cleaning is contracted with reliable contractors, offering flexibility to insource if desired.
12. Healthy sinking fund of approximately $200,000, reducing near term capital risk for owners and supporting asset maintenance.

Management Rights Multiplier: 2.81
ROI Estimate: 35.56%