Palm Cove, Queensland

Under Contract / Offer

Property Description

Business For Sale - UNDER CONTRACT - 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.

Net Profit: Circa $400,000
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: Under Contract / Offer 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


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Palm Cove, Queensland 4879 Exact map location not provided

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