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
Property Code: 40
