Main Beach, Queensland

Boutique Permanent and no Need to Live Onsite!!

Under Contract / Offer

Business Description

Boutique Permanent and no Need to Live Onsite!!

This boutique and luxurious residential complex offers the discerning purchaser the opportunity to either live onsite or rent out the managers apartment, and with no fixed hours. Situated close to the beach and all the amenities on offer in Main Beach. This complex is within close proximity to excellent Public & Private schools, including TSS and St Hilda's Schools, within walking distance to a variety of restaurants and cafes, Southport Yacht and Surf Clubs and a short drive to nearby Marina Mirage, The Sheraton Mirage, The Imperial and SeaWorld.

Only a short stroll to the Light Rail Station with direct access to the GC University Hospital, Griffith University, Australia Fair and Pacific Fair shopping centres.

The manager's ground floor apartment comprises 2 bedrooms, 1 bathroom with enclosed patio and courtyard leading off from the living area. Fully equipped kitchen adjoins the lounge/dining area. Separate laundry and secure underground parking.

To arrange an inspection call: Gavin

Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.

Business Summary

Business Snapshot

Price: Under Contract / Offer Net Profit: $111,000 Remuneration / Body Corp Salary: $91,800

Managers Unit

Value of Managers Apartment: $1,000,000Bedrooms: 2Bathrooms: 1Car Spaces: 1Office: On TitlePets OK: Yes

Complex Information

Complex Type: PermanentTotal Units in Complex: 25Total Units in Letting Pool: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 15 yearsPool: YesSpa: YesGym: YesBBQ Area: Yes

Marketing Agent

Gavin Mattig

0409 60....

Gavern Property - Management Rights

Key Investment Insights

AI generated. Confirm details with the seller.

1. Net profit reported at $111,000, indicating established cashflow for an ongoing operation.
2. Manager remuneration/body corp salary of $91,800 provides clear, documented owner benefit.
3. Manager’s apartment valued at $1,000,000, representing significant asset value within the sale.
4. Option to live onsite or rent out the manager’s apartment, offering income flexibility and owner/operator choice.
5. No fixed working hours for the manager role, enabling flexible operations or absentee management.
6. Long-stay agreement structure, 25-year original term with 15 years remaining, provides long-term contractual stability.
7. Small boutique scale, 25 total units with only 1 unit in the letting pool, suggesting low operational complexity and exclusivity.
8. Strong amenity offering on-site, including pool, spa, gym and BBQ area, enhancing guest appeal and competitive positioning.
9. Prime coastal location near Main Beach, walking distance to restaurants, cafes, Southport Yacht and Surf Clubs, increasing leisure demand.
10. Excellent transport and institutional links, short stroll to Light Rail with direct access to GC University Hospital and Griffith University, and easy access to major shopping centres.
11. Manager’s ground-floor apartment features 2 bedrooms, enclosed patio and courtyard, separate laundry and secure underground parking, improving rental marketability.
12. Sale currently listed under contract/offer, signalling active buyer interest and reduced availability.

Management Rights Multiplier: 3.39
ROI Estimate: 8.07%