Mermaid Beach, Queensland

Mermaid Beach SPACIOUS HOME bring the kids and dog !

$450k MR & $1.2M Unit = Total $1.650M

Business Description

A rare opportunity in Mermaid Beach, this property offers a high-income business and a spacious 3-4 bedroom residence with an office. I deal for a big family. Can be run by one person.

The ground-floor residence features 3 - 4 bedrooms, 2 bathrooms, and a huge private outdoor patio font and back, With minor renovations, it can be split for rental income or adapted for student housing, elderly living, or a teenager retreat.

Secure parking with extra storage and big enough for Pool table and make a man cave
Boutique Complex & Unbeatable Lifestyle
The only facilities are a swimming pool and BBQ/communal areas
Minimal Gardening
Full and friendly handover with hands-on training and advice.

Just steps from Mermaid Beach and popular cafés, this property guarantees a fantastic lifestyle while attracting steady guests.

This well-maintained, easy-to-run resort is ready for new owners.

Key Features:
- Brand-new 25-year agreement
- Net income over $151K
- Renovated 3-5 bed, 3-bath residence
- Flexible office space & storage
- 2 car spaces & balconies
- No set office hours—manage at your pace

**Ras360 – Specialists in Motels | Hotels | Pubs | Parks | Management Rights **

Business Summary

Business Snapshot

Price: $450k MR & $1.2M Unit = Total $1.650M Net Profit: $151,081 Remuneration / Body Corp Salary: $39,213

Managers Unit

Value of Managers Apartment: $1,200,000Bedrooms: 4Bathrooms: 3Car Spaces: 2

Complex Information

Complex Type: Resort / HolidayTotal Units in Complex: 23Total Units in Letting Pool: 12Owner Occupy Units: 11Agreement Term: 25 yearsAgreement Term Remaining: 25 years

Marketing Agent

Kerrie Lush

0416 08....

Ras360

Key Investment Insights

1. High-income business and spacious 3-4 bedroom residence with an office.
2. Potential for additional rental income or adaptation for student housing, elderly living, or a teenager retreat.
3. Secure parking with extra storage and potential for a man cave.
4. Boutique complex with minimal gardening required.
5. Hands-on training and advice provided during handover.
6. Prime location just steps from Mermaid Beach and popular cafes.
7. Well-maintained and easy-to-run resort.
8. Brand-new 25-year agreement.
9. Net income of over $151K.
10. Renovated 3-5 bedroom, 3-bathroom residence.
11. Flexible office space and storage.
12. 2 car spaces and balconies.
13. No set office hours, allowing for flexible management.
14. Total price of $1.65M for the management rights and unit.
15. Managers unit valued at $1.2M.
16. Complex type is resort/holiday.
17. 23 units in the complex, with 12 in the letting pool and 11 owner-occupied.
18. 25-year agreement term with remaining 25 years.

Management Rights Multiplier: 2.98
ROI Estimate: 33.57%