Palm Beach, Queensland

Idyllic Coastal Lifestyle!!

$1,685,000

Business Description

Idyllic Coastal Lifestyle!!

This complex is mere metres away to a casual walk along the beach or a refreshing dip in the crystal-clear ocean.

Boasting superb resort style facilities including an in-ground pool, spa, sauna, games room and BBQ area, it's all about the lifestyle with shops, cafes and world class surf within close proximity of this complex.

Enjoy the magnificent range of choices for cafes, restaurants, bars, clubs, retail services gyms, and so much more, all conveniently located so close to this complex. You'll rarely need your car.

The managers 2-bedroom, 2-bathroom, ground floor apartment entices the ocean breezes whilst enjoying the view from the balcony that overlooks the tropical gardens, communal BBQ and outdoor entertaining area and pool.

Long term agreements, no set hours, low multiplier, secure parking, easily managed complex and ideally positioned.

To arrange an inspection 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: $1,685,000 Net Profit: $225,000 Remuneration / Body Corp Salary: $71,000

Managers Unit

Value of Managers Apartment: $900,000Bedrooms: 2Bathrooms: 2Car Spaces: 1Office: Exclusive UsePets OK: Yes

Complex Information

Complex Type: HolidayTotal Units in Complex: 28Total Units in Letting Pool: 15Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 19 yearsPool: YesSpa: YesSauna: YesGames Room: YesBBQ Area: Yes
Marketing Agent
Gavin Mattig
Gavin Mattig

Gavern Property - Management Rights

Gavern Property - Management Rights

Key Investment Insights

1. Prime location near the beach and other amenities
2. Resort-style facilities including pool, spa, sauna, and games room
3. Close proximity to shops, cafes, and world-class surf
4. Wide range of options for dining, entertainment, and retail services
5. Manager's apartment with ocean views and balcony
6. Long-term agreements and low multiplier
7. Flexible working hours
8. Secure parking
9. Easily managed complex
10. Ideal positioning for a relaxed coastal lifestyle.

Management Rights Multiplier: 3.49
ROI Estimate: 28.66%

Listing location
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