Key Investment Insights
AI generated. Confirm details with the seller.
1. Business-only management rights for Elevaire Palm Beach, a boutique 40-residence complex, offering operational simplicity and minimal caretaking duties.
2. Located 100 metres from the beach at 1409–1411 Gold Coast Highway, in a tightly held Palm Beach coastal strip.
3. Due for completion at the end of this month, delivered by a project team with a strong Queensland residential construction track record.
4. Resort-style, low-maintenance amenities including sauna, magnesium hot and cold plunge pools, outdoor shower, sun deck, and undercover BBQ, designed for lifestyle use rather than high-turnover resort use.
5. Complex structured to attract long-term investors and owner-occupiers, implying lower resident turnover, fewer callouts, and a stable management workload.
6. Agreement term 25 years, with 25 years remaining, providing long-term contractual security for managers.
7. Financial snapshot shows net profit and remuneration/body corporate salary of $56,000, indicating current cash earnings for the operator.
8. Complex composition split evenly with 20 owner-occupy units and 20 outside agent units, supporting a balanced resident mix.
9. Managers unit information includes one car space, suggesting limited onsite vehicle allocation for the operator.
10. Strong location appeal with proximity to cafes, restaurants, boutique retail, Tallebudgera Creek and Burleigh Headland, plus Gold Coast Airport 15 minutes away and consistently strong rental demand.
11. Suited to experienced operators seeking a secure, manageable coastal business with genuine work-life balance, due to straightforward caretaking duties and a clean business model.