Management Rights, Palm Beach
Management Rights
ActiveHospitality & TourismQueenslandB2C
Asking price
$3,615,000
Disclosed · AUD
Revenue (est.)
~$1,921,380
Estimated · comparable listings of this type and size
Net Profit
$479,000+
Implied multiple
7.5×
asking / earnings
Brief
- Absolute beachfront position with direct sand and ocean access at Palm Beach
- Ground-floor three-bedroom, two-bathroom, one-car manager's unit plus office/reception on title
- Currently run under an experienced onsite manager of 12+ years, who is happy to stay on
- Supportive body corporate committee with 24 years remaining on agreements
- Growth potential via converting 15 lock-ups and 18 outside lets into the letting pool
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