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Absolute Beachfront Opportunityâ Palm Beach. A Rare Beachfront Gem with real Lifestyle
$445K MR&$965K Unit = Total $1.41M Absolute Beachfront!
Resort / Holiday Management Rights, PALM BEACH QLD
Wake up to the sound of waves and step directly onto golden sandsno roads, just pure oceanfront living. This rare, absolute beachfront Management Rights opportunity offers an enviable lifestyle and serious upside. Even better, its located in Palm Beachfast becoming the Gold Coasts destination of choice.
Currently operated to suit the owners lifestyle, occupancy is approx. 60% with ADR below market average. The potential? Huge. There's no dedicated channel manager in place, 90% of bookings are direct/repeat, and platforms like Expedia and Booking.com are under utilised. Add dynamic pricing, lift ADRs, remove the 25+ age guest restriction, and grow volume fast.
Youll be onsite around 3 hours a day (7am5pm), with no fixed office hours. The office is Body Corporate titled and located adjacent to the managers unit. A Time in Motion review has been completed, with the caretaking salary now reflecting actual duties.
The complex includes 30 apartments, with 16 in the letting pool and room to grow. The body corporate recently took over mowing and garden duties, saving time and boosting profit. Cleaning is contracted by choice, allowing owners to focus on business operations. Contractors are reliable and recommended, though bringing cleaning in-house remains an option depending on lifestyle goals.
The managers residence is a beautifully renovated 2-bedroom beachfront apartment with sweeping ocean views. Agreements have 21 years remaining, and there's a healthy sinking fund of approx. $190,000 with no major works planned.
All the heavy lifting is donethis is a turnkey opportunity. Ideal for a hands-on operator or savvy couple ready to ramp up trade and enjoy a premium beachfront lifestyle.
***Ras360 Specialists in Management Rights | Motels | Hotels | Pubs | Parks***
More Information
- Total Purchase Price: $445K MR&$965K Unit = Total $1.41M Absolute Beachfront!
- Net Income: $ 165,000
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 1
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
The value of on-title property included with the business. Its price is included in the Total Purchase Price.
Is there a manager's office included on the title?
Can the manager own a pet on site?