Mermaid Beach, Queensland

1.13 Multiplier in Gold Coast - ID 7829

$1,100,000

Business Description

Mixed Management Rights for Sale
Huge Income Upside Potential

- 1.13 Multiplier on the Gold Coast – amazing deal due to seller’s commitment to another business

- Rare genuine sale opportunity in the Gold Coast market

- Stable Body Corporate salary of $45,245 + CPI increases annually

- High year-round booking rates and strong demand

- High net profit of $97,129

- Small rental pool of 5 units – 3 holiday and 2 permanent rentals, plus 6 managed by outside agents

- Huge potential to increase income by converting permanent rentals to holiday lets and expanding the rental pool

- 25-year agreement with 17 years remaining, offering long-term security

- Boutique, modern apartments featuring 2 bedrooms, 2 bathrooms, 1 secure car space, large living/dining area, modern kitchen, private balcony, and air-conditioning

- Professional office on title for easy onsite management

- Prime, convenient location – close to shops, tram stop, beach, restaurants, pharmacy, medical centre, and major shopping centre

- Total asking price: $1,100,000, including the modern 2-bedroom manager’s apartment at Mermaid Beach

Buy a modern apartment and secure the business almost for free.

Enjoy a peaceful, modern complex and a convenient, high-quality coastal lifestyle—all while earning easy, consistent income.

Opportunities like this come around once in a decade. Call Bill He NOW to avoid regret.

Net Profit: $97,129
Asking Price: $1,100,000
(Inclusive of Managers Real Estate)

For further information or to arrange an inspection of this business opportunity contact:
Management Rights Broker
Bill He

Property Code: 969

Business Summary

Business Snapshot

Price: $1,100,000 Net Profit: $97,129

Managers Unit

Value of Managers Apartment: $990,000Bedrooms: 2Bathrooms: 2Car Spaces: 1Office: On TitlePets OK: Yes

Modern apartment offering 2 bedrooms, 2 bathrooms, and 1 secure car space.

Complex Information

Complex Type: n/aTotal Units in Complex: 30Total Units in Letting Pool: 5Owner Occupy Units: 18Outside Agent Units: 6Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 17 yearsPool: YesSpa: YesBBQ Area: Yes

Marketing Agent

Bill He

MR Sales

Key Investment Insights

1. The business has a low 1.13 multiplier on the Gold Coast, making it an excellent deal for potential buyers.
2. The sale is a rare opportunity in the Gold Coast market, providing a genuine and stable investment option.
3. The business has a stable Body Corporate salary of $45,245 with annual CPI increases.
4. The high year-round booking rates and strong demand indicate a consistent and reliable income for the business.
5. The net profit for the business is $97,129, providing a high return on investment.
6. The rental pool consists of 5 units, with potential to increase income by converting permanent rentals to holiday lets and expanding the rental pool.
7. The business has a 25-year agreement with 17 years remaining, providing long-term security for the buyer.
8. The apartments in the complex are modern and feature 2 bedrooms, 2 bathrooms, and 1 secure car space, making them attractive to potential tenants.
9. The business includes a professional office on the title for easy onsite management.
10. The location of the complex is prime and convenient, with close proximity to shops, public transportation, and other amenities.
11. The asking price of $1,100,000 includes a modern 2-bedroom manager's apartment in Mermaid Beach, providing a great opportunity for the buyer to secure both a business and a residence.
12. The business offers a peaceful and modern complex with a high-quality coastal lifestyle, making it an attractive investment option.
13. The business has a high potential for growth and income upside, making it a valuable opportunity for potential buyers.

Management Rights Multiplier: 1.13
ROI Estimate: 88.30%