Your Partner in Success
Your Partner in Success
Investor confidence in North Queensland is High.
Investor confidence in North Queensland is High.
More Resort for your Dollar
More Resort for your Dollar
Excellent Business Opportunity
Property ID: 

C0357

Location: 
Palm Cove
Asking Price: 
$3,300,000
Letting Type: 
Holiday/Permanent
Building Type: 
Apartments
Net Profit: 
$656,000

Superb Property – In one of the most sought after holiday locations in TNQ. Four star with full resort facilities on large  delightfully landscaped grounds. Comprising five individual buildings with four pools and three separate Wellness Spa Retreats. The Wellness Spas are fully operated by professional contractors. Perfectly sheltered in a Palm Cove location with a walk to the beach and a stroll to all restaurants. This property is the true picture of a real lifestyle business, with the manager enjoying a large three bedroom apartment with sunroom and outdoor grassed area. The Café/Bar has recently closed.

Great dual key complex, providing spacious guest accommodation with flexible studio, one or two bedroom apartments. Top guest facilities and a niche market, along with repeat clientele, make this a top business. The property is currently run under management, has a very cooperative Body Corporate and over $200,000 incl. GST salary with 20 years on the Agreements. Great complex and deserves a high level of consideration by partnerships, corporates and other entities looking for a suitable and profitable property in lovely Palm Cove. Provides a very good 20% ROI on the total asking price.

                                                    Confidentiality Conditions Apply

                        Call Calvin for full property information and Inspection arrangements