Palm Cove, Queensland
$1,295,000
Property Description
Business For Sale - Palm Cove Mixed Letting - ID 8325 BL
- North Queensland Management Rights For Sale- 400 Metres From Palm Cove Beach
- Guaranteed Body Corporate salary of $56,000 + GST, annual net profit of $222,042
- 13 units in the letting pool, happy owners all on board
- Well maintained gardens and pool, most villas also have their own pool
- BBQ area, Wi-Fi & cable TV
- Expansive 3 bedroom double storey manager's villa
- Pet permitted with Body Corporate approval
- Large office, reception and tour desk on title
- Supportive committee and owners
- 19 years remaining on agreements
500 metres from all shopping, Palm Cove Esplanade, medical services and 45 minute drive to International Airport
The nearby Palm Cove beachfront location is perfect and the lifestyle offers a relaxed resort feel. Ideal for an active couple looking to make the move to North Queensland.
Net Profit: $222,042
Asking Price: $1,295,000
(Inclusive of manager's real estate priced at $450,000)
For further information or to arrange an inspection of this North Queensland management rights business for sale contact:
Management Rights Broker
Antonio Curulli
Property Summary
Business Snapshot
Price: $1,295,000 Net Profit: $222,042 Remuneration / Body Corp Salary: $56,000Body corp salary review: CPI AnnuallyManagers Unit
Value of Managers Apartment: $450,000Bedrooms: 3Bathrooms: 2Car Spaces: 1Office: Exclusive UsePets OK: YesThe manager's residence is a large double storey villa, 3 bedrooms, 2 bathrooms, Own private pool, Garage, Alfresco area, Quality finishes and modern kitchen appliances
Complex Information
Complex Type: HolidayTotal Units in Complex: 37Total Units in Letting Pool: 14Holiday Units: 11Permanent Units: 3Owner Occupy Units: 19Outside Agent Units: 2Lockup Units: 1Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 19 yearsPool: Yes
Listing Tools
This listing last updated: 7th October 2020
Property Map
Map Location ( get directions )
Palm Cove, Queensland 4879 Exact map location not provided
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PALM COVE
Superb lifestyle opportunity Palm Cove
$1,295,000
Net Income: $222,042
Managers Estate: $450,000 3 Bed 2 Bath
Letting Pool: 37
Remuneration: $55,286
