Mermaid Beach, Queensland
Absolute Beachfront Management Rights Mermaid Beach
$1,310,000
Business Description
Experience the luxury of waking up to million-dollar ocean views every morning with this absolute oceanfront Management Rights complex.
This six-level midrise building boasts 35 units within the complex offering predominantly two-bedroom, self-contained apartments, each with a private balcony.
With 10 units in the letting pool, this beachfront Management Rights business can be managed by one person or as a duo, thanks to minimal caretaking requirements.
Guests can enjoy fantastic facilities, including a renovated pool and spa area, BBQ area, direct beach access, and secure underground parking.
As part of this Management Rights business, you will acquire a one-bedroom/one-bathroom manager's unit featuring a fantastic private outdoor entertainment area, plus the option of renting a two-bedroom/two-bathroom unit as an alternative for living arrangements.
With 6 lock up units and 3 outside agents plus additional income to undertake the garden maintenance there is the opportunity to grow the net profit even further.
Situated just meters away from an array of cafés, restaurants, and the Surf Club, this opportunity offers not just a business but an enviable beachfront lifestyle.
This Mermaid Beach gem is a must-see, call me today to discuss.
Net Profit: $170,598
Property Code: 36
Business Summary
Business Snapshot
Price: $1,310,000
Remuneration / Body Corp Salary: $60,463Body corp salary review: CPI Annually
Managers Unit
Bedrooms: 1Bathrooms: 1Car Spaces: 1Office: Exclusive UsePets OK: Yes1 Bedroom + 1 Bathroom ground floor unit with 1 Car Space with direct beachfront access
Complex Information
Complex Type: HolidayTotal Units in Complex: 35Total Units in Letting Pool: 10Owner Occupy Units: 15Outside Agent Units: 3Lockup Units: 6Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 17 yearsPool: YesSpa: YesBBQ Area: Yes
Key Investment Insights
1. Prime beachfront location with stunning ocean views.
2. Well-maintained and modern complex with 35 units, predominantly two-bedroom self-contained apartments.
3. Minimal caretaking requirements, allowing for easy management by one person or a duo.
4. Excellent facilities, including a renovated pool and spa area, BBQ area, and direct beach access.
5. Opportunity for additional income through managing 6 lock up units and 3 outside agents, as well as undertaking garden maintenance.
6. Manager's unit features a private outdoor entertainment area and the option to rent a larger unit for living arrangements.
7. Strong net profit of $170,598.
8. Accommodation agreement with 17 years remaining.
9. Pet-friendly complex.
10. Close proximity to cafes, restaurants, and the Surf Club, offering an enviable beachfront lifestyle.
