Mermaid Beach, Queensland

Priced to Sell - Mermaid Beachside Management Rights

$1,100,000

Business Description

Take advantage of this rare opportunity to live and work in sought-after Mermaid Beach. Just 170 metres from the sand and adjacent to a peaceful park, this well-maintained complex offers the perfect work-life balance for a single operator, couple, or first-time buyer.

With minimal maintenance required - only a small front lawn to mow and low-care gardens—this boutique complex is incredibly easy to manage. Onsite amenities include a swimming pool, spa, sauna, and BBQ area, enhancing its appeal to holidaymakers and residents alike.

The letting pool features five fully self-contained one-bedroom holiday units, consistently in demand thanks to the property's premium location. Enjoy close proximity to Broadbeach’s vibrant dining precinct, Pacific Fair Shopping Centre, The Star Casino, Gold Coast Convention Centre, and the G:Link tram.

The current managers have fostered a positive relationship with the Body Corporate and recently secured a five-year top-up, extending the agreements to a solid 23-year term.

The manager’s residence is spacious and comfortable, featuring:

- 2 bedrooms
- 2 bathrooms
- 2 secure car spaces
- A large private courtyard
- Adjoining office

This is a rare chance to acquire a beachside lifestyle business at an attractive entry point. Priced with an ultra-low 2.75x multiplier, this opportunity won’t last long.

Don’t miss your chance to own in one of the Gold Coast’s most desirable locations. Enquire today!

Net Profit: $100,000 *Approx.

Property Code: 18

Business Summary

Business Snapshot

Price: $1,100,000 Net Profit: $100,000 Remuneration / Body Corp Salary: $46,171Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $825,000Bedrooms: 2Bathrooms: 2Car Spaces: 2Office: On TitlePets OK: Yes

2 Bedroom + 2 Bathroom, Huge Courtyard, 2 Car Parks

Complex Information

Complex Type: HolidayTotal Units in Complex: 21Total Units in Letting Pool: 5Owner Occupy Units: 11Outside Agent Units: 4Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 23 yearsPool: YesSpa: YesBBQ Area: Yes

Marketing Agent

Craig Johnson

Rebecca Johnson

Hotel Resort Sales

Key Investment Insights

Key Insights:

1. Rare opportunity to live and work in sought-after Mermaid Beach, just 170 metres from the sand and adjacent to a peaceful park.
2. Well-maintained complex with minimal maintenance required, making it easy to manage.
3. Onsite amenities include a swimming pool, spa, sauna, and BBQ area, enhancing its appeal to holidaymakers and residents.
4. Letting pool features five fully self-contained one-bedroom holiday units, consistently in demand due to the property's premium location.
5. Close proximity to Broadbeach’s vibrant dining precinct, Pacific Fair Shopping Centre, The Star Casino, Gold Coast Convention Centre, and the G:Link tram.
6. Positive relationship with the Body Corporate and recently secured a five-year top-up, extending the agreements to a solid 23-year term.
7. Spacious and comfortable manager’s residence with 2 bedrooms, 2 bathrooms, 2 secure car spaces, a large private courtyard, and an adjoining office.
8. Priced with an ultra-low 2.75x multiplier, making it an attractive entry point for buyers.
9. Net profit of approximately $100,000.
10. Desirable location in one of the Gold Coast’s most sought-after areas.

Management Rights Multiplier: 2.75
ROI Estimate: 36.36%