Palm Cove, Queensland

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

$1,650,000

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

Listing location
Gallery

Enquire Now

Thank you, your enquiry has been sent now.

Listing Tools

Management Rights

Receive new listing alerts

Sign up
Similar Properties

You may also like

Waterfront Holiday/Corporate Property with Style
Calvin Bailey Management Rights
Waterfront Holiday/Corporate Property with...

CAIRNS CITY

Under Contract / Offer

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

Marlborough's Golden Opportunity
Near New 12 Unit Motel Great Location
Bay of Islands Proven Performer
GREAT LITTLE PUB FOR ACTIVE COUPLE RETURNING ROI 48% - 88HL
Busy Motel
Blenheim: A Top Performing Motel in Great Location
Kaiapoi: The Only Motel in Town
Beautifully Presented and Instantly Appealing
Seaside Lifestyle - Good Performing Property
Popular Holiday Hotspot
Alexandra - Borders Open and Summer is Coming!
Affordable 5-Star Luxury Villas in Paradise
Hanmer Springs: 18 Modern Units with Good Lease
Location Well Presented Close to Riccarton Mall
Location and Scale in Napier
Excellent Buying - Eye Catching Motel
19 Unit Motel in the Heart of Wanaka
Enjoy the Benefits of Successful Franchise