Mermaid Beach, Queensland

Wake Up to Million Dollar Ocean Views - Prime Beachfront Management Rights

$1,275,000

Business Description

Live the Dream – Absolute beachfront management rights at Mermaid Beach. Enjoy the luxury of waking up to sweeping ocean views every day with this rare opportunity in one of the Gold Coast’s most desirable locations.

Property Features:
• Seven level midrise complex with 35 apartments
• Majority are two-bedroom, self-contained units with private balconies
• Absolute oceanfront position offering million-dollar views
• Located just steps from cafés, restaurants, and the Surf Club
• Includes a one-bedroom, one-bathroom manager’s unit with private outdoor entertaining area

Business Highlights:
• 10 units in the letting pool – easily managed by a single operator or couple
• Minimal caretaking duties for low-stress operation
• Potential additional income from:
* 6 lock-up units / 5 outside agent units * Current profit reflects only 7 units in pool, now 10 units

Guest Facilities:
• Renovated pool area
• BBQ area
• Direct beach access
• Secure underground parking

This exceptional prime Mermaid Beach location has strong lifestyle appeal with solid income potential. A business and beachfront lifestyle rolled into one. Don't miss out on this exceptional opportunity, this Mermaid Beach gem is a must-see, call me today to discuss.

Net Profit: $146,142

Property Code: 36

Business Summary

Business Snapshot

Price: $1,275,000 Net Profit: $146,142 Remuneration / Body Corp Salary: $57,294Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $650,000Bedrooms: 1Bathrooms: 1Car Spaces: 1Office: Exclusive UsePets OK: Yes

1 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: 13Outside Agent Units: 5Lockup Units: 6Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 21 yearsPool: YesBBQ Area: Yes

Marketing Agent

Craig Johnson

Rebecca Johnson

Hotel Resort Sales

Key Investment Insights

- Seven level midrise complex with 35 apartments
- Majority of units are two-bedroom, self-contained with private balconies
- Absolute oceanfront position with million-dollar views
- Located steps away from cafes, restaurants, and Surf Club
- Includes a one-bedroom, one-bathroom manager's unit with private outdoor entertaining area
- 10 units in the letting pool, easily managed by a single operator or couple
- Minimal caretaking duties for low-stress operation
- Potential additional income from 6 lock-up units and 5 outside agent units
- Renovated pool area, BBQ area, direct beach access, and secure underground parking for guests
- Strong lifestyle appeal with solid income potential
- Net profit of $146,142
- Manager's apartment valued at $650,000
- Complex type: Holiday
- 10 units in the letting pool, 13 owner-occupied units, 5 outside agent units, and 6 lock-up units
- Accommodation agreement with 25 years remaining
- Amenities include a pool and BBQ area.

Management Rights Multiplier: 4.28
ROI Estimate: 23.38%