Management Rights - PALM COVE, QLD

PALM COVE, QLD

$1,650,000

Property Description

EXCLUSIVE LISTING!!! Unique Management Rights Opportunity in the Heart of Palm Cove

With plenty of sunshine, warm seas, refreshing breezes and a warm climate all year round, Palm Cove's weather is hard to beat. That is why people from all over the world flock to this magical location to enjoy world class and award winning restaurants, attractions and beaches.

Behind the fringe of palm trees, nestled among a rainforest setting is this stunning complex. With 21 self-contained, 4 diamond 1 and 2 bedroom holiday apartments, guests enjoy king-sized beds, kitchen, laundry facilities, flat screen LCD TV's and spacious balconies.

The Complex was built in 1998, and boasts well-established tropical landscaped gardens, free-form swimming pool (heated in winter), sun decks, covered BBQ and dining area.

The Managers residence is a huge, fully-airconditioned 4 bedroom free standing house with 2 bathrooms, private fenced garden, large outdoor living area, spacious kitchen, lounge and dining. There is also 5 storage rooms, as well as a free standing office on title that is currently sub-leased as a Day Spa to guests.

There is no doubt that this complex is outstanding in every regard. With a net profit in excess of $200,000 (excluding rent from Day Spa), this resort is ideal for a couple or family looking for a lifestyle or sea change.
For more information, or to arrange an inspection, please contact our North Queensland Management Rights Specialist, Kirsten Lowis on 0488 900 619.
Financial Overview

Body Corp Salary:
42,848
Anniversary Of Body Corporate Salary:
N/A
Body Corporate Salary Review:
Net Profit:
220,277
Manager's Unit Price:
650,000
Management Rights Price:
1,000,000
Letting Business

Est. Year Built: 1998
Total Units In Complex: 21


Inside Letting Pool

Permanent: 0
Holiday: 15
Corporate: 0
Total: 15

Outside Letting Pool

Lock Up: 4
Outside Agents: 0
Self Managed: 0
Owner Occpd: 2
Total: 5

Number & Type In Letting Pool
Number Type Features
Tariffs

Booking Type Details
Permanent
Corporate
Holiday
Manager's Unit & Office

Manager's Unit Size: 3 Bed
Office Reception: Not specified
Office Software:
Office Hours:
Storage: 5 storage rooms on title
Office Computer:
Module: Accommodation
Agreement Term: 25
Years To Run: 21
Manager's Unit Description: Fully Air-conditioned, Free-standing house with large kitchen, 3 bedroom + office, 2 bathroom, large outdoor living area with mature low maintenance gardens.

Facilities

Pool: YES
Spa: YES
Gym: NO
Tennis Court: NO
Sauna: NO
Foxtel: YES
Cable Installed: YES
Pets Allowed: YES
Barbeque Area: YES

Other Facilities:

Property Agent

Kirsten Lowis

Kirsten Lowis

Phone: +61 488 900 619
Office: 1300 282 370

Email Listing Agent