Palm Cove, Queensland

Palm Cove Paradise at an affordable Price

Expressions of Interest

Business Description

Brand new agreements, no onsite living requirement, and just eight short-stay units to manage at one of Australia's finest holiday addresses.

⭐ KEY INVESTMENT HIGHLIGHTS

🏷️ Total Asking Price: Expressions of Interest
– 💼 Business: Expressions of Interest
– 🏡 Manager's Unit: At Valuation
💰 Net Profit: Contact Agent
💰 Potential Rent for Manager's Unit: $36,400
🔑 8 apartments in the letting pool
📅 25 years remaining on new Accommodation Module Agreements

🌊 Palm Cove sits at the top of Australia's premier holiday destinations, drawing visitors from across the globe with its warm climate, gentle sea breezes, world-class dining and direct access to the Great Barrier Reef and Daintree Rainforest.

💼 Palm Cove Tropic Apartments is a well-presented 21-unit complex set amongst established, easy-care tropical gardens, with a free-form swimming pool heated through winter, sun decks, and a covered BBQ and dining area. The self-contained one and two-bedroom apartments are generously appointed with king-sized beds, full kitchen and laundry facilities, flat-screen televisions and spacious balconies. With a major supermarket just a short drive away at Clifton Beach, self-contained accommodation is firmly the preferred choice for guests staying in this part of the world.

🏡 The manager's residence is a substantial, fully air-conditioned three-bedroom freestanding house with two bathrooms, a private fenced garden and generous indoor and outdoor living spaces. A freestanding, on-title office is currently sub-leased as a day spa, providing a supplementary income stream. The letting pool covers just eight short-stay units, making this a genuinely manageable operation for a couple or family.

Incoming managers will benefit from brand new agreements that include a generous salary increase, with no requirement to live onsite. The strong net profit delivered by the Body Corporate Salary and Letting Commission is supplemented by the Day Spa income, with additional potential rental income from the manager's unit. Couple this with the 25-year term, and Palm Cove Tropic offers a well-structured management rights business in one of Queensland's most desirable coastal locations.

DON'T MISS OUT ON:

• Close proximity to beautiful Palm Cove Beach
• Entry-level price for a premium lifestyle
• Close to Palm Cove's restaurant strip
• Brand new agreements for a full 25-year term
• Great Barrier Reef, Daintree Rainforest and Atherton Tablelands
• No requirement to live onsite

Contact Joel McCartin at Ras360 Property Solutions for further information.

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

Business Summary