Palm Cove, Queensland

Exclusive Freehold Beachfront Palm Cove!

$3,600,000

Property Description

Expressions of interest are invited for the purchase of the Freehold of 29 Lots plus the Management Rights Business of five units in this beachfront holiday property in Palm Cove.
Gold listed: Paradise on the Beach was once again recognised as one of Australias top accommodation providers by Star Ratings Australia.
The property is very well presented, all units are in excellent condition and there has been a recent soft furnishing upgrade.

The price includes a large and private one bedroom managers unit with a very large recpt/back office on title. No owners are allowed to reside onsite. There are 5 units previously sold and in the rental pool that could be repurchased. Or being fully Strata Titled the 29 Units could be sold off. The property has a perfect location adjacent to the Village and on the much sought after beachfront Palm Cove.
A Restaurant & Bar at the front of the building which is owned and managed by others, complements the facilities of this resort.
Currently run under management and some staff would elect to remain if required.
Confidentiality conditions apply.
Call Calvin today for full property details.

Property Summary

Business Snapshot

Price: $3,600,000 Net Profit: $300,000 Remuneration / Body Corp Salary: $55,000Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $300,000Bedrooms: 1Bathrooms: 1Car Spaces: 1Office: On TitlePets OK: Yes
Large150m2 one bedroom apartment with 70m2 courtyard. Very modern with well-appointed finishes. Private location. Office and llarge reception plus stroage all on title.

Complex Information

Complex Type: HolidayTotal Units in Complex: 34Total Units in Letting Pool: 34Holiday Units: 34Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsPool: YesSpa: YesBBQ Area: YesPay TV: YesWIFI: Yes
Marketing Agent
Calvin Bailey
Calvin Bailey

Calvin Bailey Management Rights

Calvin Bailey Management Rights

Listing location
Gallery

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