Mermaid Beach, Queensland

Paradise for Beach Lovers with Excellent Income - ID 8019

$1,275,000

Business Description

Management Rights for Sale
Absolute Beachfront Living

- 100% beachfront lifestyle, year-round.
- Consistently strong and stable bookings with a high percentage of regular, returning customers.
- Body corporate salary of $60,463, with a net profit of $146,142.
- 25 year agreement with 21 years remaining.
- 10 units in the holiday letting pool.
- Modern, spacious manager's apartment with 1 bedroom, 1 bathroom, secure car space, air conditioning, and a 25m² front yard.
- Professional reception area with an exclusive and practical office attached on title.
- Efficient Resly software to streamline work and improve productivity.
- Centrally located on one of the best beaches in the Gold Coast.
- Very close to shops, restaurants, public transport, schools, and major shopping centres—super convenient location.

Enjoy this absolute beachfront lifestyle along with great financial rewards. This is an opportunity you can't afford to miss! Upside for potential buyer as P&L of $146,142 was achieved with 8 units in the letting pool, there are now currently 10 in the letting pool.

Net Profit: $146,142
Asking Price: $1,275,000
(Inclusive of Manager's Real Estate)

For further information or to arrange an inspection of this Gold Coast Management Rights business opportunity contact:

Management Rights Broker
Bill He

Property Code: 911

Business Summary

Business Snapshot

Price: $1,275,000 Net Profit: $146,142 Remuneration / Body Corp Salary: $60,463

Managers Unit

Value of Managers Apartment: $650,000Bedrooms: 1Bathrooms: 1Car Spaces: 1Office: Exclusive UsePets OK: Yes

Beachfront apartment with one-bedroom, one-bathroom, and one secure carspace.

Complex Information

Complex Type: HolidayTotal Units in Complex: 35Total Units in Letting Pool: 10Owner Occupy Units: 13Outside Agent Units: 5Lockup Units: 6Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 21 yearsPool: YesSpa: YesBBQ Area: YesPay TV: YesWIFI: Yes

Marketing Agent

Bill He

MR Sales

Key Investment Insights

1. Prime location on the Gold Coast with 100% beachfront lifestyle.
2. Consistent and stable bookings with a high percentage of regular, returning customers.
3. Strong financial performance with a net profit of $146,142 and a body corporate salary of $60,463.
4. Long-term agreement with 21 years remaining.
5. Modern and spacious manager's apartment with 1 bedroom, 1 bathroom, and a 25m² front yard.
6. Professional reception area with an exclusive and practical office attached on title.
7. Efficient Resly software to streamline work and improve productivity.
8. Conveniently located near shops, restaurants, public transport, schools, and major shopping centres.
9. Upside potential for a potential buyer as P&L of $146,142 was achieved with 8 units in the letting pool, with 10 currently in the letting pool.
10. Pet-friendly complex with a pool, spa, BBQ area, pay TV, and WIFI available.

Management Rights Multiplier: 4.28
ROI Estimate: 23.38%