Mermaid Beach, Queensland
Top Tier Caretaking Management Rights Business Only.
$2.195M - Business Only
Business Description
Ras360 is proud to present an exceptional opportunity to acquire the management rights to the iconic 272 Hedges. This landmark property, a 44‐storey architectural masterpiece, offers 98 luxurious residential units and an unrivalled array of premium amenities that define refined coastal living.
Property Highlights
• Architectural Elegance: Rising 44 storeys above a stunning seaside setting, 272 Hedges exudes sophistication and style.
• Unmatched Facilities: Residents enjoy exclusive access to an executive lounge, boardroom, function room, swimming pool, spa, gym, sauna, steam room, and treatment rooms.
• Captivating Views: Overlooking sprawling parklands that seamlessly merge with the golden sands of Kurrawa and Mermaid Beaches, the property boasts uninterrupted panoramic views of the ocean and coastline.
Investment Opportunity
This is a truly unique proposition – an opportunity to invest in a thriving management rights business under a comprehensive concierge and caretaking agreement. With no requirement to purchase real estate or reside onsite, investors benefit from a streamlined model that delivers an enviable Body Corporate salary of over $391,000 per annum. There is also significant potential for additional revenue.
Amazing Office on Occupational Authority for the Manager.
Location & Lifestyle
Situated in the heart of Mermaid and Broadbeach, the property is within easy walking distance of a vibrant precinct offering premier shopping, dining, and entertainment. Proximity to The Star Casino, Pacific Fair Shopping Centre, and the light rail network further enhances the appeal of this prestigious address.
For further details or to discuss this opportunity, please contact our dedicated team at Ras360.
Business Summary
Business Snapshot
Price: $2.195M - Business Only
Net Profit: $393,882 Remuneration / Body Corp Salary: $391,995
Complex Information
Complex Type: PermanentTotal Units in Complex: 98Total Units in Letting Pool: 5Owner Occupy Units: 93Agreement Term: 10 yearsAgreement Term Remaining: 10 years
Key Investment Insights
1. Iconic and highly sought-after property: 272 Hedges is a landmark property that exudes sophistication and style, making it a highly desirable investment opportunity.
2. Unmatched facilities: The property offers residents exclusive access to a range of premium amenities including an executive lounge, boardroom, function room, and a variety of leisure facilities.
3. Captivating views: The property boasts stunning panoramic views of the ocean and coastline, adding to its appeal and value.
4. Streamlined investment model: The opportunity to invest in a thriving management rights business under a comprehensive concierge and caretaking agreement offers a streamlined and hassle-free investment opportunity.
5. High Body Corporate salary: The property offers a significant Body Corporate salary of over $391,000 per annum, providing a steady and reliable income for investors.
6. Potential for additional revenue: There is potential for additional revenue through various avenues such as letting pool expansion, rental increases, and additional services.
7. Prime location: The property is situated in the heart of Mermaid and Broadbeach, within walking distance to premier shopping, dining, and entertainment options.
8. Proximity to key attractions: The property is also in close proximity to popular attractions such as The Star Casino, Pacific Fair Shopping Centre, and the light rail network, further enhancing its appeal.
9. Business Snapshot: The business offers a net profit of $393,882 and a remuneration/Body Corporate salary of $391,995.
10. Complex information: The complex is a permanent type with a total of 98 units, 5 of which are in the letting pool. The agreement term is 10 years with 10 years remaining.
