Mermaid Beach, Queensland

Absolute Beachfront 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

Business Summary

Business Snapshot

Price: $1,310,000 Net Profit: $170,598 Remuneration / Body Corp Salary: $60,463Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $545,000Bedrooms: 1Bathrooms: 1Car Spaces: 1Office: Exclusive UsePets OK: Yes

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
Marketing Agent
Rebecca Johnson
Rebecca Johnson

Hotel Resort Sales

Hotel Resort Sales

Key Investment Insights

1. Beachfront location with stunning ocean views
2. 35 units within the complex, predominantly two-bedroom, self-contained apartments
3. 10 units in the letting pool, with potential for growth
4. Minimal caretaking requirements, can be managed by one person or duo
5. Renovated pool and spa area, BBQ area, direct beach access, and secure underground parking
6. Manager's unit with private outdoor entertainment area, plus option for alternative living arrangements
7. Opportunity for additional income through lock up units and outside agents
8. Close proximity to cafes, restaurants, and Surf Club
9. Net profit of $170,598
10. Enviable beachfront lifestyle.

Management Rights Multiplier: 4.48
ROI Estimate: 22.30%

Listing location
Gallery

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