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Exclusive Opportunity: Own the Business Management Rights to HemingwayâNo Real Estate Purchase Required
$595,000 - Business Only
Permanent Management Rights, PALM BEACH QLD
The opportunity to purchase the Business Only Management Rights to the Hemingway at Palm Beach presents a rare investment without the need for additional real estate acquisition. This package is ideal for those looking to manage a high-end, sought-after property in one of the Gold Coasts premier beachside locations.
The sale includes the exclusive use of a dedicated office space and two secure storerooms, ensuring you have all the resources necessary to effectively manage the property and serve residents. The Hemingway itself is a prestigious development, with 75 residences offering unparalleled ocean views and luxurious living spaces, designed by Rothelowman Architects.
With the Body Corporate set at $99,788 and the current portfolio of 5 permanent rentals along with 20 additional units managed by outside agents, this business-only purchase offers a consistent income stream and the potential for future growth. Positioned in the vibrant Palm Beach area, Hemingway provides a prime opportunity for a savvy investor or experienced manager looking to operate in a thriving, exclusive community.
More Information
- Total Purchase Price: $595,000 - Business Only
- Net Income: $ 121,164
(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