Mermaid Beach, Queensland

Million Dollar Ocean Views - Prime Beachfront Management Rights

$1,235,000

Business Description

40k Price Reduction

Wake up to the sound of the surf and uninterrupted ocean views with this rare absolute beachfront management rights opportunity at Mermaid Beach. Perfectly positioned in one of the Gold Coast’s most sought-after lifestyle locations, this business offers both solid returns and an enviable coastal lifestyle.

Property Features:
• Seven-level mid-rise complex with 35 apartments
• Majority are two-bedroom, fully self-contained units with private balconies
• Absolute oceanfront position with breathtaking views
• Just steps to local cafés, restaurants, and the popular Surf Club
• Comfortable 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
• Low caretaking duties for a relaxed, stress-free operation
• Upside potential with additional income opportunities: 6 lock-up units / 5 units with outside agents

Guest Facilities:
• Recently renovated pool area
• BBQ facilities
• Direct beach access
• Secure underground parking

This is an exceptional Mermaid Beach lifestyle business – combining strong income potential with the ultimate beachfront lifestyle. Opportunities like this are extremely rare and highly sought after.
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: $1,235,000 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

Key Insights:

1. Rare opportunity: This is a rare opportunity to purchase a management rights business in an absolute beachfront location in one of the Gold Coast's most sought-after lifestyle locations.

2. Strong income potential: The business offers solid returns and potential for additional income opportunities, making it a lucrative investment.

3. Enviable coastal lifestyle: The business not only offers a strong income potential but also an enviable coastal lifestyle, with breathtaking ocean views and easy access to local cafes, restaurants, and the popular Surf Club.

4. Easy to manage: With only 10 units in the letting pool, the business can be easily managed by a single operator or couple, with low caretaking duties for a relaxed and stress-free operation.

5. Upside potential: There is potential for additional income opportunities with 6 lock-up units and 5 units with outside agents, providing potential for growth and increased profits.

6. Recently renovated: The complex has recently undergone renovations, including the pool area, ensuring a modern and attractive guest experience.

7. Secure parking: The complex offers secure underground parking for guests, providing peace of mind and convenience.

8. Manager's unit: The manager's unit is a comfortable one-bedroom, one-bathroom unit with a private outdoor entertaining area, providing a comfortable and convenient living space for the manager.

9. Long-term agreement: The business has a long-term agreement of 25 years remaining, providing stability and security for the new owner.

10. Pet-friendly: The manager's unit is pet-friendly, allowing for the owner to have a furry companion if desired.

11. Low body corporate salary: The body corporate salary is low, at $57,294, providing a good return for the manager.

12. Net profit: The business has a strong net profit of $146,142, providing a good return on investment.

13. High demand: Opportunities like this in such a prime location are highly sought after, making this business a valuable and in-demand investment

Management Rights Multiplier: 4.00
ROI Estimate: 24.98%