Palm Beach, Queensland

$1,318,000

Property Description

A SOLID BUSINESS, A GREAT NET PROFIT, RENOVATED MANAGERS UNIT, ABSOLUTE BEACH FRONT!

These management rights offer an excellent opportunity to manage a successful business, generating a solid income while living footsteps from the sand of beautiful Palm Beach.

The unit has been recently renovated with a lot of thought put into practical use of space. The living area looks straight out onto the sand and waves. The entire building has been kept in excellent condition with continuous improvements having been carried out over the last two years while the sinking fund remains very healthy.

If you are looking for a well organised, successful business and also want to enjoy the lifestyle of beachside living, you should definitely inspect these management rights.

Financials are:
Net Profit: $141,772
Business Price: $638,000
Unit Price: $680,000
Total Price: $1.318,000

Please contact Jon Love for further information

Property Summary

Business Snapshot

Price: $1,318,000 Net Profit: $141,772 Remuneration / Body Corp Salary: $47,409

Managers Unit

Value of Managers Apartment: $680,000Bedrooms: 2

Complex Information

Complex Type: ResortTotal Units in Complex: 30Total Units in Letting Pool: 19Holiday Units: 19Owner Occupy Units: 7Agreement Term: 10 yearsAgreement Term Remaining: 9 years

Marketing Agent


Marketing Agency

RAAS Group

Kerrie Lush
RAAS Group

Phone

Listing Tools

Property Map

Map Location ( get directions )

Palm Beach, Queensland 4221 Exact map location not provided

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