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Business Only Net Over $394K First Time to the Market
$2,450,000 - Business Only
Permanent Management Rights, PALM BEACH QLD
Completed in 2021, this coastal development is a striking example of modern beachside living in one of the Gold Coasts most tightly held suburbs. Designed with both lifestyle and liveability in mind, the scheme spans 210 residential lots across two elegant mid-rise towers and a collection of architecturally styled terrace homes. These residences are framed by landscaped gardens that have been created to require minimal upkeep while still offering a lush green outlook. The entire design blends effortlessly into the neighbouring dune reserve, giving the complex a rare sense of seclusion and privacy while still being just metres from the sand.
The address itself is a key attraction. Residents and tenants can enjoy a short stroll to some of the best surf breaks on the Coast, stretching from Eleventh Avenue through to the iconic Currumbin Alley. The natural environment surrounding the complex is complemented by the convenience of urban amenity, with local cafs, dining, schools and shops all within walking distance. Looking ahead, Stage 4 of the Gold Coast light rail will deliver a nearby stop that will connect directly to the airport, Griffith University and major health hubs, providing excellent accessibility for both residents and visitors.
Financially, the complex represents a secure and highly attractive investment. Income is underpinned by a substantial fixed body corporate salary of $304,650, reviewed annually against CPI, which provides stability and certainty regardless of changes in the letting pool. Current net profit sits at $395,476, making this an offering that combines lifestyle appeal with strong and predictable returns.
As this is a business-only opportunity, no managers residence is tied to the purchase, ensuring capital outlay is kept in check and making the proposition more accessible to a wider range of buyers. With its scale, premium beachfront location, established income base and long-term growth prospects, this opportunity will appeal equally to first-time operators seeking a secure entry point and to experienced buyers looking to expand an existing portfolio.
**Ras360 | Specialists in Management Rights, Motels, Hotels, Pubs, Parks**
More Information
- Total Purchase Price: $2,450,000 - Business Only
- Net Income: $ 395,476
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 0
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: undisclosed
Estimated number of years till the Net Income reaches the Purchase Price of the business component. Other factors such as lifestyle, workload, location and offering should always be considered ahead of the multiplier when evaluating a Management Rights business.
Number of units the manager is authorised to manage.
Number of units resided in by their owners.
Number of units owners are not renting out, but also do not live in.
Number of units being rented by other agents (these could potentially be acquired by the manager).
The total number of units within the complex.
This is the body corporate caretaker salary. It is included in the Net Income above.
How long is the caretaking contract.
How long remains on the caretaking contract before it must be renewed?
How long has the management rights existed.
Required Office Hours