Mermaid Beach, Queensland
Multiplier 0.00 - Gold Coast's No.1 Bargain - ID 7829
$1,100,000
Business Description
Mixed Management Rights for Sale
Buy an Apartment, Receive $56,138 + GST Salary Almost Free
- Very easy-to-manage business in the highly popular Mermaid Beach.
- Exceptional income upside potential.
- Holiday and permanent mixed complex.
- 25-year long agreement with 15 years remaining.
- Multiplier: 0.00
- Stable body corporate salary of $56,138 plus GST, with CPI increases every year.
- Very simple duties offering a semi-retirement lifestyle.
- Caretaking only, with no requirement for a real estate licence, trust account registration, or property management software subscription. A straightforward, low-cost operation that is easy to manage onsite.
- Boutique Manager's apartment featuring 2 bedrooms, 2 bathrooms, and 1 secure car space. Spacious dining and living areas with modern kitchen, private courtyard, and air conditioning.
- Professional office attached on title. Additional manager-exclusive large storage and car space.
- Extremely convenient location—close to shops, tram stop, beach, restaurants, pharmacy, medical centre, and major shopping centres.
- Seller has other business commitments, resulting in an urgent sale.
Net Profit: $56,138 (*BC Salary Only)
Asking Price: $1,100,000
(Inclusive of Managers 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: 969
Business Summary
Business Snapshot
Price: $1,100,000
Net Profit: $56,138 Remuneration / Body Corp Salary: $56,138
Key Investment Insights
1. Asking price $1,100,000 includes the manager’s apartment and managers real estate, effectively acquiring the apartment as part of the sale.
2. Stable body corporate salary of $56,138 plus GST, with CPI increases annually, representing the stated net profit.
3. Multiplier listed as 0.00, indicating no separate business goodwill valuation beyond the property.
4. 25-year agreement in place with 15 years remaining, providing medium-term contractual security.
5. Mixed holiday and permanent complex, offering potential income stability and occupancy diversity.
6. Very low-operational complexity, caretaking-only role, no requirement for a real estate licence, trust account registration, or property management software.
7. Duties described as very simple, supporting a semi-retirement lifestyle and low-cost onsite operation.
8. Boutique manager’s apartment: 2 bedrooms, 2 bathrooms, private courtyard, air conditioning, and 1 secure car space, with pets allowed.
9. Professional office is on title, plus additional manager-exclusive large storage and an extra car space, supporting onsite administration.
10. Prime Mermaid Beach location, close to tram stop, beach, shops, restaurants, pharmacy, medical centre and major shopping centres, enhancing lifestyle and accessibility.
