Palm Cove, Queensland

$2,395,000

Property Description

Business For Sale - True Resort in Palm Cove - ID 8855 BL

- Restful, Private, Relaxing
- North Queensland Management Rights For Sale
- 58 lots with 43 in the letting pool
- Many are duel key offering total flexibility
- All apartments 4 star plus
- Spacious grounds with a choice of swimming pools
- Long agreements through to 2040
- Excellent Body Corporate salary of $150,000
- Consistent profits year on year
- Terrific manager's residence offering 3 bedrooms and 2 bathrooms
- Office on title with direct access
- Great opportunity to acquire well established resort in highly desirable holiday location.

Asking Price: $2,395,000
(Inclusive of manager's real estate)

For further information or to arrange an inspection of this North Queensland management rights business for sale contact:

- Exclusive Broker
- Geoff Ellis


- Palm Cove is known throughout Australia and internationally as one of the finest holiday destinations in Queensland. In the immediate area there is little distance to supermarkets, medical facilities, schools and James Cook University. Port Douglas is a 40 minute drive away

Property Summary

Business Snapshot

Price: $2,395,000 Remuneration / Body Corp Salary: $150,000Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $500,000Bedrooms: 3Bathrooms: 2Car Spaces: 2Office: On TitlePets OK: Yes
Spacious three bedroom manager's residence, 2 bathrooms, Direct access to office and reception areas, Double car accommodation

Complex Information

Complex Type: CorporateTotal Units in Complex: 58Total Units in Letting Pool: 43Holiday Units: 43Owner Occupy Units: 1Outside Agent Units: 11Lockup Units: 2Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 22 yearsPool: YesSpa: YesBBQ Area: YesWIFI: Yes

Marketing Agent


Marketing Agency

MR Sales

Geoff Ellis
MR Sales

Phone

Listing Tools

Property Map

Map Location ( get directions )

Palm Cove, Queensland 4879 Exact map location not provided

Similar Properties

CAIRNS NORTH
Great new opportunity. Prime location and...

$2,350,000
Net Income: $396,000
Managers Estate: $550,000 2 Bed 2 Bath
Letting Pool: 38
Remuneration: $68,734

Calvin Bailey Management Rights