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Rare Chance to Own Profitable Coastal Gem!
$550,000 - Business Only
Permanent Management Rights, PALM BEACH QLD
Unlock a unique investment opportunity with the business-only management rights to Acqua Apartments, nestled in the heart of Palm Beach on the stunning Gold Coast. This rare proposition offers near-new management rights with an impressive 24-year tenure and no obligation to own real estate within the building, providing flexibility and ease for experienced operators or those looking to expand their management portfolio.
Acqua Apartments is a boutique residential complex consisting of 62 meticulously designed units, offering a range of two- and three-bedroom configurations to cater to various lifestyles. Set within a tranquil and picturesque neighborhood, Acqua is highly sought after by both investors and tenants who desire a slice of beachside paradise. The property is just minutes away from patrolled beaches, making it an ideal location for those who cherish coastal living.
The complex features a central courtyard, a swimming pool with a poolside deck, a gymnasium, and a rooftop terrace with a barbecue area perfect for entertaining. These facilities contribute to the high occupancy rate and strong tenant demand, ensuring consistent returns for the management rights holder.
The business boasts a strong financial profile with a net profit of $111,152 and a solid Body Corporate salary of $96,537, reflecting the robustness and profitability of this venture.
Acqua Apartments also provides a dedicated managers office and a storage facility under the Owners Agreement (OA), making it easy to manage the business efficiently. The absence of a requirement to live onsite further enhances the appeal, allowing for greater property management flexibility.
Acqua Apartments is situated in one of the Gold Coasts fastest-growing suburbs. Palm Beach, affectionately known as Palmy, is renowned for its relaxed, holiday-like atmosphere and small-town charm, despite recent developments. The area offers a vibrant local scene with easy access to Burleigh Heads and the Gold Coast Airport.
More Information
- Total Purchase Price: $550,000 - Business Only
- Net Income: $ 111,152
(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