Palm Beach, Queensland
Business Only Net Over $394K First Time to the Market
$2,450,000 - Business Only
Business Description
Completed in 2021, this coastal development is a striking example of modern beachside living in one of the Gold Coast’s most tightly held suburbs. Designed with both lifestyle and liveability in mind, the scheme spans 210 residential lots across two elegant mid-rise towers and a collection of architecturally styled terrace homes. These residences are framed by landscaped gardens that have been created to require minimal upkeep while still offering a lush green outlook. The entire design blends effortlessly into the neighbouring dune reserve, giving the complex a rare sense of seclusion and privacy while still being just metres from the sand.
The address itself is a key attraction. Residents and tenants can enjoy a short stroll to some of the best surf breaks on the Coast, stretching from Eleventh Avenue through to the iconic Currumbin Alley. The natural environment surrounding the complex is complemented by the convenience of urban amenity, with local cafés, dining, schools and shops all within walking distance. Looking ahead, Stage 4 of the Gold Coast light rail will deliver a nearby stop that will connect directly to the airport, Griffith University and major health hubs, providing excellent accessibility for both residents and visitors.
Financially, the complex represents a secure and highly attractive investment. Income is underpinned by a substantial fixed body corporate salary of $304,650, reviewed annually against CPI, which provides stability and certainty regardless of changes in the letting pool. Current net profit sits at $395,476, making this an offering that combines lifestyle appeal with strong and predictable returns.
As this is a business-only opportunity, no manager’s residence is tied to the purchase, ensuring capital outlay is kept in check and making the proposition more accessible to a wider range of buyers. With its scale, premium beachfront location, established income base and long-term growth prospects, this opportunity will appeal equally to first-time operators seeking a secure entry point and to experienced buyers looking to expand an existing portfolio.
**Ras360 | Specialists in Management Rights, Motels, Hotels, Pubs, Parks**
Business Summary
Business Snapshot
Price: $2,450,000 - Business Only
Net Profit: $395,476 Remuneration / Body Corp Salary: $304,650
Complex Information
Complex Type: PermanentTotal Units in Complex: 210Total Units in Letting Pool: 22Owner Occupy Units: 131Outside Agent Units: 42Lockup Units: 15Agreement Term: 25 yearsAgreement Term Remaining: 21 years
Key Investment Insights
1. Completed in 2021, this coastal development offers modern beachside living in a sought-after Gold Coast suburb.
2. The development includes 210 residential lots across two mid-rise towers and terrace homes, surrounded by landscaped gardens.
3. The complex is just a short stroll from some of the best surf breaks on the Coast and is close to local amenities such as cafes, dining, schools, and shops.
4. Stage 4 of the Gold Coast light rail will provide even more accessibility for residents and visitors.
5. The complex has a substantial fixed body corporate salary of $304,650, providing stability and certainty for investors.
6. Current net profit sits at $395,476, making this a highly attractive investment opportunity.
7. As a business-only opportunity, there is no manager's residence tied to the purchase, making it accessible to a wider range of buyers.
8. The premium beachfront location, established income base, and long-term growth prospects make this an appealing opportunity for both first-time operators and experienced buyers.
9. The business is managed by Ras360, a specialist in management rights, motels, hotels, pubs, and parks.
10. The complex has a mix of permanent and owner-occupied units, providing a diverse and stable income stream for investors.
