Mermaid Beach, Queensland
0.3 Multiplier in Mermaid Beach - ID 7829
$990,000
Business Description
Mixed Management Rights for Sale
Huge Income Upside Potential
- 0.3 multiplier on the Gold Coast – an amazing deal, as the manager has committed to other business ventures. Urgent sale.
- Buy a property and get a business almost free, with $66,731 net income per year.
- A genuine and simple reason for sale – you won’t find another bargain like this on the Gold Coast.
- Stable body corporate salary of $56,138 + GST, with annual CPI increases.
- Strong year-round booking demand with consistently high occupancy rates.
- Very small rental pool of only 3 (1 holiday, 2 permanent), plus 6 with outside agents.
- Enormous potential to dramatically increase income by converting permanents to holiday rentals and expanding the letting pool.
- 25-year long agreement with 15 years remaining – secure long-term tenure.
- Boutique modern apartments featuring 2 bedrooms, 2 bathrooms, 1 secure car space.
- Large dining and living area, modern kitchen, spacious private balcony, air-conditioned.
- Professional office on title.
- Prime location – walking distance to shops, tram stop, beach, restaurants, pharmacy, medical centre, and major shopping centre.
Total asking price: only $990,000 including 2-bedroom modern apartment in Mermaid Beach.
Buy a modern apartment and get the business almost free.
Enjoy a peaceful, modern complex offering a convenient coastal lifestyle while earning easy, steady income.
This rare bargain may be a once-in-a-decade opportunity. Call Bill He on ---------- NOW to avoid regret.
Net Profit: $66,731
Asking Price: $990,000
(Inclusive of Managers Real Estate)
For further information or to arrange an inspection of this QLD Management Rights business opportunity contact:
Management Rights Broker
Bill He
Property Code: 969
Business Summary
Business Snapshot
Price: $990,000
Net Profit: $66,731 Remuneration / Body Corp Salary: $56,138
Managers Unit
Value of Managers Apartment: $970,000Bedrooms: 2Bathrooms: 2Car Spaces: 1Office: On TitlePets OK: YesModern apartment offering 2 bedrooms, 2 bathrooms, and 1 secure car space.
Complex Information
Complex Type: n/aAgreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 15 yearsPool: YesSpa: YesBBQ Area: Yes
Key Investment Insights
- Incredible deal with a 0.3 multiplier on the Gold Coast, making it a rare and valuable opportunity for potential buyers.
- Urgent sale due to the manager's commitment to other business ventures, providing a genuine and simple reason for sale.
- Strong net income of $66,731 per year, with a stable body corporate salary of $56,138 + GST and annual CPI increases.
- Consistently high occupancy rates and strong year-round booking demand, providing a steady and reliable income stream.
- Potential for significant income growth by converting permanent rentals to holiday rentals and expanding the letting pool.
- Long-term tenure with a 25-year agreement and 15 years remaining, providing security and stability for the new owner.
- Boutique modern apartments featuring 2 bedrooms, 2 bathrooms, and 1 secure car space, making them highly desirable for tenants.
- Prime location within walking distance to shops, public transportation, the beach, restaurants, and other amenities.
- Manager's unit included in the asking price, providing a modern and comfortable living space for the new owner.
- Complex features a pool, spa, and BBQ area for residents to enjoy.
- Potential for pets to be allowed in the complex, making it attractive to a wider range of tenants.
Management Rights Multiplier: 0.30
ROI Estimate: 333.66%
