Palm Beach, Queensland
Proven Returns in Iconic Coastal Location - ID 8546
$1,550,000
Business Description
Mixed Management Rights For Sale
- Mid rise complex of 28 apartments
- 8 holiday and 8 permanents in the letting pool
- 25 year Accommodation Module agreement with 18 years remaining
- Easy to manage cmplex, currently run by one person
- Body Corporate salary of $70,240
- Resort style facilities
- One block back from patrolled beach
- Exclusive Use office - no set hours
- Spacious, 2 bedroom, 2 bathroom manager's residence
Palm Beach on the Gold Coast has undergone a remarkable surge in popularity and growth, transforming from a quiet suburb into a vibrant coastal community. Its stunning coastline, renowned for its pristine beaches and excellent surf, has attracted visitors and residents alike. With an increase in residential development and a wealth of amenities, including great cafes and dining options, Palm Beach has become a desirable destination for both living and vacationing. Its strategic location between Surfers Paradise and Coolangatta further enhances its appeal, ensuring easy access to major attractions and transportation routes. A sought-after destination for those seeking the perfect blend of coastal living and urban convenience.
Net Profit: $169,405
Asking Price: $1,550,000
(Inclusive of Manager’s Real Estate)
For further information or to arrange an inspection of this Gold Coast Management Rights business for sale contact:
Management Rights Brokers
Phil Trimble & Gerard Dixon
Property Code: 1109
Business Summary
Business Snapshot
Price: $1,550,000
Remuneration / Body Corp Salary: $70,240
Managers Unit
Value of Managers Apartment: $850,000Bedrooms: 2Bathrooms: 2Car Spaces: 1Office: Exclusive UseTwo bedroom nit, located on the ground floor. 2 bathrooms, single car space. The apartment is modern and spacioua and has been partially renovated with new stone benchtops. The balcony has a north-east aspect, picking up the cool afternoon breeze. Air conditioned, ceilling fans, security screens.
Complex Information
Complex Type: MixedTotal Units in Complex: 28Total Units in Letting Pool: 16Owner Occupy Units: 8Outside Agent Units: 1Lockup Units: 2Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 18 yearsPool: YesSpa: YesSauna: YesGames Room: YesBBQ Area: Yes
Key Investment Insights
1. Net profit $169,405, indicating strong current earnings.
2. Asking price $1,550,000, inclusive of Manager’s Real Estate.
3. Manager’s apartment valued at $850,000, representing a significant included asset.
4. 25 year Accommodation Module agreement with 18 years remaining, providing long-term contractual security.
5. Mixed mid-rise complex of 28 apartments, offering scale without being large.
6. 16 units in the letting pool, split into 8 holiday and 8 permanent, enabling diversified income streams.
7. Simple operations, currently managed by one person, suggesting low labour requirements.
8. Body Corporate salary $70,240, providing stable recurring remuneration.
9. Exclusive use office with no set hours, offering operational flexibility and privacy.
10. Resort-style facilities including pool, spa, sauna, games room and BBQ area, enhancing guest appeal and premium positioning.
11. Manager’s residence is a spacious, modern 2 bedroom, 2 bathroom ground-floor unit with single car space and recent partial renovations, adding lifestyle and rental value.
12. Prime location one block back from a patrolled beach in Palm Beach on the Gold Coast, between Surfers Paradise and Coolangatta, benefiting from growing local popularity, dining amenities and strong tourism demand.
