Palm Beach, Queensland

Motivated Vendor!! Submit an Offer!!

SOLD

Business Description

Motivated Vendor!! Submit an Offer!!

The Beach At Your Doorstep!!!

This friendly resort offers a security complex and underground carparking, large swimming pool and heated spa, 1/2 tennis court, barbeque area and of course a long white sandy beach right at the doorstep.

All units have full kitchens with dishwasher and microwave as well as a separate laundry, ceiling fans in every room and ensuites to the master bedroom.

A spacious 2 bedroom and 2 bathroom managers apartment, fully functional kitchen, large dining cum lounge area leading out to an enclosed patio, secure parking space and ability to walk across the street to the beach.

To arrange an inspection please call: Gavin - ---------- or email: ----------

Business Summary

Business Snapshot

Price: SOLD Net Profit: $86,000 Remuneration / Body Corp Salary: $54,400

Managers Unit

Value of Managers Apartment: $440,000Office: Exclusive Use

Spacious 2 bedroom and 2 bathroom managers apartment, fully functional kitchen, large dining cum lounge area leading out to an enclosed patio, secure parking space and ability to walk across the street to the beach.

Complex Information

Complex Type: Resort/HolidayTotal Units in Complex: 26Total Units in Letting Pool: 2Owner Occupy Units: 10Outside Agent Units: 5BBQ Area: Yes

Marketing Agent

Gavern Property

Gavern Property - Management Rights

Key Investment Insights

1. The business is a friendly resort located on a beachfront property.
2. The resort offers a range of amenities including a large swimming pool, heated spa, 1/2 tennis court, and barbeque area.
3. All units have full kitchens with modern appliances and separate laundry facilities.
4. The resort has a total of 26 units, with 2 units currently in the letting pool.
5. The managers apartment is a spacious 2 bedroom and 2 bathroom unit with a fully functional kitchen, dining and lounge area, and secure parking space.
6. The managers apartment has a value of $440,000.
7. The business has a strong net profit of $86,000 and a remuneration/body corp salary of $54,400.
8. The complex is primarily a holiday/resort complex with 10 owner-occupied units and 5 units managed by outside agents.
9. The property is located in a highly desirable beachfront location.
10. The motivated vendor is open to offers and willing to negotiate a sale.

Management Rights Multiplier: 3.31
ROI Estimate: 30.18%