Main Beach, Queensland

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

$1,200,000

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: $1,200,000 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. Asking price $1,200,000, with stated net profit $94,400, implying an approximate net yield of 7.9% on asking price.
2. Manager’s apartment valued at $1,000,000, indicating the majority of sale price is property value rather than operational business.
3. Manager’s unit is on title, 2 bedrooms, 1 bathroom, enclosed patio and courtyard, separate laundry and secure underground parking, pets permitted.
4. Manager can live onsite or rent out the apartment, with contactable hours only and no requirement to live onsite, offering flexible owner/operator arrangements.
5. Remuneration/Body Corp salary $92,800, effectively representing the operating benefit to the manager and closely matching reported net profit.
6. Complex is a boutique permanent type, 24 total units with only 1 unit in the letting pool, suggesting low scale letting operations and limited short-term rental exposure.
7. Accommodation agreement originally 25 years, 13 years remaining, presenting medium-term contractual exposure that a purchaser must plan around.
8. Strong onsite amenities include pool, spa, gym and BBQ area, supporting premium positioning for residents and guests.
9. Prime Main Beach/Mermaid Beach vicinity, walking distance to restaurants and cafes, close to Southport Yacht and Surf Clubs, and short drive to Marina Mirage, The Sheraton Mirage, The Imperial and SeaWorld.
10. Excellent transport and institutional links, only a short stroll to Light Rail with direct access to Gold Coast University Hospital, Griffith University, Australia Fair and Pacific Fair shopping centres.

Management Rights Multiplier: 2.12
ROI Estimate: 7.87%