Palm Beach, Queensland

RARE PALM BEACH MANAGEMENT RIGHTS OPPORTUNITY – IMPRESSIVE 24% ROI!

Under Contract / Offer

Business Description

An exceptional opportunity has become available to secure the management rights of an iconic and highly prestigious building in the heart of sought-after Palm Beach. Offering an impressive caretaking salary exceeding $193,000 per annum and an outstanding 24% ROI, this is an opportunity that demands attention from discerning buyers seeking strong returns, security and an enviable coastal lifestyle.

Perfectly positioned directly opposite the beach, this landmark building enjoys a premium location surrounded by everything that makes Palm Beach one of the Gold Coast's most desirable destinations. With the convenience of commercial tenancies on the ground level, including the iconic Coles supermarket, the building offers an established and prominent presence.

One of the standout features of this opportunity is the straightforward nature of the caretaking duties. Forget extensive landscaping and time-consuming garden maintenance! With minimal gardens to maintain, the responsibilities are predominantly focused on lifts, stairwells and common areas, making this an appealing option for buyers who prefer a more manageable, structured caretaking role.

The combination of a substantial annual salary, minimal gardening requirements and an exceptional return on investment makes this offering particularly attractive. For experienced operators looking to expand their portfolio, or buyers seeking a prestigious management rights business with excellent earning potential, this opportunity ticks all the boxes.

**Ras360 – Specialists in Management Rights | Motels | Hotels | Pubs | Parks**

Business Summary

Business Snapshot

Price: Under Contract / Offer Net Profit: $193,671 Remuneration / Body Corp Salary: $193,671

Managers Unit

Car Spaces: 1

Complex Information

Complex Type: PermanentAgreement Term: 25 yearsAgreement Term Remaining: 12 years
Marketing Agent
Kerrie Lush
Kerrie Lush

Key Investment Insights

AI generated. Confirm details with the seller.

1. Advertised return on investment of 24%, with annual net profit and body corporate remuneration both listed at $193,671.
2. Prestigious landmark building in central Palm Beach, directly opposite the beach.
3. Ground level commercial tenancies include Coles supermarket, adding everyday convenience.
4. Straightforward caretaking duties focus on lifts, stairwells and common areas, with minimal garden maintenance.
5. Permanent complex with 12 years remaining on a 25 year management agreement.
6. One manager car space is listed.
Listing location
Gallery

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