Palm Beach Absolute Beachfront Management Rights - $595k Net Profit

$4,850,000

Experience the ultimate beachfront lifestyle with this stunning 7-story mid-rise building located directly on Palm Beach. This management rights business offers a variety of accommodations, including one-bedroom studio-style units, and one, two, and three-bedroom self-contained apartments.

Guests can indulge in amenities such as a heated outdoor pool and spa, sauna, two BBQ areas, and a breathtaking rooftop viewing area perfect for enjoying beautiful sunrises and sunsets. The property also features secure underground parking and direct beachfront access.

The current vendor maintains office hours of 32 hours per week, and the profit and loss includes a $20k wage component for a part-time staff member. With strong support from a proactive Body Corporate, the business generates a robust net profit of $595k and has a healthy 20 years remaining on the agreement.

Additionally, the presence of 25 outside agents and 5 lockups offers massive growth potential for this business by way of securing these units back into the letting pool.

The exceptional package includes a spacious manager's residence featuring an air-conditioned three-bedroom apartment, a large back office on title, two bathrooms, a courtyard, and two car spaces, all with stunning beach views from the courtyard.

Seize this opportunity to acquire a high-net, beachfront holiday business on the magnificent Gold Coast. This management rights business truly offers the ultimate beachside lifestyle.

Call today to discuss this incredible opportunity!

Net: $595,607

Details

Suburb Palm Beach
Price $4,850,000
Property Type Business
Property ID 38
Category Accommodation/Tourism

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What our clients say

Thanks so much for your gift and we love it so much! And I really appreciate all your support to me. You always try your best help me to find the solutions for various of problems during the purchase....

Ashley

Craig Johnson recently completed the sale of our Management Rights at Albatross North, Mermaid Beach, Gold Coast.  From commencement to completion, it was a pleasure doing business with Craig (with...

Ross Given & Jac Pearman

Rob and I decided to sell our Managements Rights Business in Burleigh January 2023 and chose Craig to be our agent.  So glad we did!Craig and his team were always in contact with us through every...

Rob & Betty

We high recommend Craig Johnson for his professionalism and honesty. Knowing Craig personally through business for eighteen years prior to selling our share of the Management...

Carolyn & Wayne