PALM BEACH QLD 4221

$555,000

Rare Chance to Own Profitable Coastal Gem!

- PALM BEACH QLD

$555,000

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 manager’s office and a storage facility under the Owner’s 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 Coast’s 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.

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PALM BEACH QLD 4221

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