Main Beach, Queensland

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

Under Contract / Offer

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: Under Contract / Offer 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 no requirement to live onsite, operated under contactable hours offering flexibility for an owner-operator or absentee management.
2. Manager’s apartment is on-title, 2 bedrooms and 1 bathroom, enclosed patio and courtyard, separate laundry and secure underground parking, pets permitted.
3. Manager’s apartment valued at $1,000,000, creating significant embedded real estate value in the sale.
4. Financials show Net Profit $94,400, with Remuneration/Body Corp Salary $92,800, indicating near parity between business profit and manager remuneration.
5. Complex comprises 24 total units, with only 1 unit in the letting pool, suggesting limited turnover and a stable resident profile.
6. Long-term accommodation agreement originally 25 years, with 13 years remaining, providing medium-term contractual stability.
7. Onsite amenities include pool, spa, gym and BBQ area, supporting premium residential positioning and amenity-driven appeal.
8. Prime Main Beach location, within walking distance to restaurants, cafes, Southport Yacht and Surf Clubs, and close drive to Marina Mirage, The Sheraton Mirage, The Imperial and SeaWorld.
9. Excellent transport links, a short stroll to the Light Rail Station with direct access to Gold Coast University Hospital, Griffith University and major shopping centres.
10. Currently listed Under Contract/Offer, prospective purchasers should verify details and arrange inspections via the listed contact.

Management Rights Multiplier: 2.12
ROI Estimate: 7.87%