Palm Beach, Queensland

Sea Breeze!!

$1,550,000

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: $1,550,000 Net Profit: $169,000 Remuneration / Body Corp Salary: $80,000

Managers Unit

Value of Managers Apartment: $850,000Bedrooms: 2Bathrooms: 2Car Spaces: 2Office: Exclusive UsePets OK: Yes

Complex Information

Complex Type: HolidayTotal Units in Complex: 28Total Units in Letting Pool: 16Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 19 yearsPool: YesSpa: YesSauna: YesGames Room: YesBBQ Area: Yes

Marketing Agent

Gavin Mattig

0409 60....

Gavern Property - Management Rights

Key Investment Insights

1. Immediate beach access, only metres from a casual walk to the shoreline and ocean.
2. Strong lifestyle appeal with resort-style facilities including an in-ground pool, spa, sauna, games room and BBQ area.
3. Manager’s 2-bedroom, 2-bathroom ground-floor apartment included, with balcony overlooking tropical gardens, communal BBQ, outdoor entertaining area and pool.
4. Prime local amenity mix, with cafes, restaurants, bars, clubs, retail services and gyms all within close proximity.
5. Proximity to world-class surf enhances seasonal and tourist demand.
6. Low reliance on cars, with most daily needs accessible by foot.
7. Long-term agreements provide revenue stability and predictability.
8. No set hours for management, offering operational flexibility.
9. Low multiplier suggests attractive valuation or easier financing considerations.
10. Secure parking included, supporting guest convenience and security.
11. Described as an easily managed complex, implying lower operational complexity and staffing needs.
12. Ideally positioned for lifestyle-focused buyers and operators seeking coastal, holiday-oriented income.

Management Rights Multiplier: 4.14
ROI Estimate: 10.90%