Palm Cove, Queensland

Absolute beachfront M/R business offering unrivalled ocean views! | Resort Brokers ID : MR007113


Property Description

ResortBrokers® proudly and exclusively present to the market the opportunity to purchase the exclusive management rights and premium real estate of Melaleuca Resort, Palm Cove. Boasting a healthy net profit after trading favourably through Covid, Melaleuca Resort is perfectly positioned to take advantage of the tourism resurgence. First time offered for sale in 15 years and will appeal to those seeking a great return on investment and the ability to be able to live the beachfront dream in one of Far North Queensland's premium tourist destinations.

  • Absolute beachfront location in beautiful Palm Cove

  • First time offered for sale in 15 years

  • 2 bedroom, 2 bathroom residence in manager's unit with Coral Sea views

  • Lagoon style pool surrounded by beautiful tropical gardens

  • Large poolside BBQ and dining pavilion

  • Long 23 year Body Corp agreement

  • Healthy Body Corp salary

  • Very supportive committee in place

  • All units self contained, including private laundry

  • Refurb (10%) and advertising (5%) monthly contributions from all lots in pool

  • Pre-covid net profit figure consistently exceeding $200k

  • Property inspections are by appointment only

Date updated: 14 Aug 2022 23:00:09

Property Summary

Business Snapshot

Price: $1,650,000 Net Profit: $174,493 Remuneration / Body Corp Salary: $50,885

Managers Unit

Value of Managers Apartment: $675,000Bedrooms: 2Bathrooms: 2

Complex Information

Complex Type: Resort / HolidayTotal Units in Complex: 24Total Units in Letting Pool: 18Holiday Units: 18Owner Occupy Units: 1Outside Agent Units: 4Agreement Term Remaining: 23 years
Marketing Agent
Shane Croghan
Shane Croghan

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Under Contract / Offer

Net Income: $320,154
Managers Estate: $350,000 2 Bed 1 Bath
Letting Pool: 22
Remuneration: $75,276

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