Mermaid Beach, Queensland

Holiday Apartments - Walk To Beach

Expression Of Interest

Business Description

• No set office hours.
• Easy caretaking.
• Perfect for someone looking for an enviable beachside lifestyle.
• Within easy walk to cafes, surf clubs.
• Close to Pacific Fair, The Casino, The Convention Centre, Broadbeach
• Holiday lettings with great potential

Business Summary

Business Snapshot

Price: Expression Of Interest Net Profit: $132,152 Remuneration / Body Corp Salary: $45,362

Managers Unit

Value of Managers Apartment: $660,000Bedrooms: 2Bathrooms: 2Car Spaces: 2

Complex Information

Complex Type: HolidayTotal Units in Complex: 30Total Units in Letting Pool: 8Pool: Yes

Marketing Agent

Leo Liu

0467 57....

Onsite Management Rights

Key Investment Insights

1. The business has no set office hours, allowing for a flexible schedule.
2. The caretaking duties are easy and manageable.
3. The location offers an enviable beachside lifestyle.
4. The apartments are within easy walking distance to cafes and surf clubs.
5. The business is conveniently located near popular attractions such as Pacific Fair, The Casino, and The Convention Centre.
6. There is great potential for holiday lettings.
7. The asking price is listed as "Expression of Interest."
8. The net profit for the business is $132,152.
9. The remuneration/body corp salary is $45,362.
10. The value of the manager's apartment is $660,000.
11. The manager's apartment has 2 bedrooms, 2 bathrooms, and 2 car spaces.
12. The complex is a holiday type with a total of 30 units.
13. There are 8 units in the letting pool.
14. The complex has a pool.

Management Rights Multiplier: 1.06
ROI Estimate: 94.39%