Main Beach, Queensland

Boutique Permanent with contactable hours and no need to live onsite!!

$1,280,000

Business Description

Boutique Permanent with contactable hours 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 centre.

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: $1,280,000 Net Profit: $94,400 Remuneration / Body Corp Salary: $92,800

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: 24Total Units in Letting Pool: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 13 yearsPool: YesSpa: YesGym: YesBBQ Area: Yes

Marketing Agent

Gavin Mattig

0409 60....

Gavern Property - Management Rights

Key Investment Insights

1. Boutique permanent residential complex with contactable hours, no requirement to live onsite.
2. Asking price $1,280,000, reported net profit $94,400, remuneration/body corporate salary $92,800.
3. Manager’s ground floor apartment valued at $1,000,000, held on title as an office, offering 2 bedrooms, 1 bathroom and 1 secure underground car space.
4. Manager’s apartment features enclosed patio and courtyard, fully equipped kitchen, separate laundry, pets permitted, and can be occupied or rented out.
5. Small complex scale, 24 total units, only 1 unit currently in the letting pool, supporting boutique operational management.
6. Long-standing agreement structure, 25 year agreement term with 13 years remaining, under the accommodation module.
7. Onsite amenities include pool, spa, gym and BBQ area, enhancing resident appeal and potential yield.
8. Prime coastal location near Main Beach, within walking distance to restaurants, cafes and Southport Yacht and Surf Clubs.
9. Close proximity to major private and public schools including The Southport School and St Hilda’s, supporting family market demand.
10. Short drive to Marina Mirage, The Sheraton Mirage, The Imperial and SeaWorld, adding tourist and leisure catchment.
11. Short stroll to Light Rail station with direct access to Gold Coast University Hospital, Griffith University, Australia Fair and Pacific Fair shopping centres, supporting transport and amenity connectivity.
12. Operational flexibility from an on‑title manager’s unit and minimal letting pool exposure, allowing the purchaser to choose between owner-occupancy or revenue generation.

Management Rights Multiplier: 2.97
ROI Estimate: 33.71%