Mermaid Beach, Queensland

Mermaid Beach Business Only Permanent Management Rights | Resort Brokers ID : MRB008471

$929,000

Business Description

ResortBrokers presents a genuine business-only management rights opportunity, offered to the market for the first time, the Ventura Residences, enviably located in the coveted Mermaid Beach suburb, a mere 250 meters from the surf and sand.

The boutique collection of 47 luxury north-facing apartments, offering skyline and ocean views, consists of 37 owner occupiers and 10 full-time permanent apartments in the letting pool.

With 24-year Caretaking & Letting Agreements, this investment offers a net profit of approximately $140k and a Body Corporate Salary of $87k with annual renewal.

A superb addition for a local operator to grow their business portfolio or a great place to start your management rights journey, with flexible management hours, no unit to purchase, and no onsite living requirement.

- Prime beachside location in a sought-after suburb, 250m off the sand
- Opulent amenities including a rooftop pool, lounge, and terrace
- A superb addition for a local operator's business portfolio
- Stable income stream, Net Profit circa $140k, $87k BC Salary indexed to CPI
- A business-only model with flexible management hours and no onsite living requirement
- 15-year caretaking & letting agreements
- 47-unit complex with a mix of permanent lets and owner-occupiers
- A boutique collection of luxury north-facing, skyline, and ocean view apartments
- Inspection by appointment only
Date updated: 16 Mar 2025 22:00:05

Business Summary