Mermaid Beach, Queensland

Prime Management Rights for Sale in Mermaid Beach

$1,195,000

Business Description

Unlock the perfect lifestyle and business opportunity with this exceptional management rights in the heart of Mermaid Beach. Ideal for a single operator, couple, or first-time buyer, this well-maintained complex is located just 170 meters from the beach and next to a tranquil park, creating the ultimate work-life balance.

This extremely low maintenance complex has minimal workload as there is only a small strip of grass out the front to mow and has easy to maintain gardens.

The complex features amenities including a pool, spa, sauna, and BBQ area. The business includes eight self-contained one-bedroom holiday units in the letting pool. Its prime location places you within easy reach of Broadbeach’s lively dining and entertainment options, Pacific Fair Shopping Centre, the G: Link tram, The Convention Centre and The Star Casino.

The current managers have a strong relationship with Body Corporate and just received a 5 year top up on the agreements taking this up to 23 years.

The spacious manager’s residence includes two bedrooms, two bathrooms, two parking spaces, a large private courtyard, and an adjoining office, providing both comfort and convenience in a highly sought-after location.

This Mermaid Beach management rights opportunity provides a coveted beachside lifestyle at an affordable price.

A must-inspect for anyone looking to combine business and beachside living!

Net Profit: $127,493

Property Code: 18

Business Summary

Business Snapshot

Price: $1,195,000 Net Profit: $127,493 Remuneration / Body Corp Salary: $46,171Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $795,000Bedrooms: 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: 8Owner Occupy Units: 8Outside 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

1. Ideal location: The management rights are located just 170 meters from the beach and next to a tranquil park, providing a desirable work-life balance for the new owner.

2. Low maintenance: The complex has minimal workload, with only a small strip of grass to mow and easy to maintain gardens.

3. Amenities: The complex features amenities including a pool, spa, sauna, and BBQ area for guests to enjoy.

4. Strong relationship with Body Corporate: The current managers have a strong relationship with the Body Corporate and have just received a 5-year top-up on the agreements, providing stability and security for the new owner.

5. Spacious manager's residence: The manager's residence includes two bedrooms, two bathrooms, two parking spaces, a large private courtyard, and an adjoining office, providing both comfort and convenience.

6. Affordable price: This management rights opportunity offers a coveted beachside lifestyle at an affordable price.

7. Net Profit: The business has a solid net profit of $127,493, providing a steady income for the new owner.

8. Long agreements: The agreements have a remaining term of 23 years, providing long-term security and stability for the new owner.

9. Holiday complex: The complex is a holiday complex, providing the opportunity for higher rental returns and potential for growth.

10. Pet-friendly: The manager's residence is pet-friendly, allowing the new owner to bring their furry friends with them.

11. Combination of business and lifestyle: This management rights opportunity allows for a perfect combination of business and beachside living, providing a desirable lifestyle for the new owner.

12. Close to amenities: The complex is located within easy reach of Broadbeach's lively dining and entertainment options, Pacific Fair Shopping Centre, the G: Link tram, The Convention Centre, and The Star Casino.

Management Rights Multiplier: 3.14
ROI Estimate: 31.87%