Mermaid Beach, Queensland

PRIME LOCATION, STRONG INCOME & SPACIOUS HOME!

$558k MR & $1.2M Unit = Total $1.758M

Business Description

A rare opportunity in Mermaid Beach, this property offers a high-income business and a spacious 3-bedroom residence with an office. Ideal for homeowners or investors, it provides flexibility to live in, rent out, or both.

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

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: $558k MR & $1.2M Unit = Total $1.758M 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

- Located in a prime location in Mermaid Beach, steps away from the beach and popular cafes.
- Offers a high-income business and a spacious 3-bedroom residence with an office.
- Flexibility for homeowners or investors to live in, rent out, or both.
- The ground-floor residence features 3 bedrooms, 2 bathrooms, and a huge private outdoor patio.
- Possibility to split the residence for rental income or adapt for different living arrangements.
- Well-maintained and easy-to-run resort with a brand-new 25-year agreement.
- Net income over $151K and remuneration/body corp salary of $39,213.
- No set office hours, allowing for flexible management.
- Includes 2 car spaces and balconies.
- Total value of managers apartment is $1,200,000.
- Complex type is a resort/holiday with a total of 23 units.
- 12 units in the letting pool and 11 owner-occupied units.
- Long 25-year agreement term remaining.

Management Rights Multiplier: 3.69
ROI Estimate: 27.08%