Mermaid Beach, Queensland

Spacious Home Mermaid Beach PRICE SLASHED 1.5 Multiple

SOLD

Business Description

Brand new 25 year agreement, no Office hours, can be run by one person. A rare opportunity in Mermaid Beach, this property offers a high-income business and a spacious 4 bedroom residence with an office. I deal for a big family. Can be run by one person.

Walk to THE "G", Surf club, walk to the beach. Close to everything. A handy income of 151K with an extraordinarily large residence.

The ground-floor residence features 3 - 4 bedrooms, 3 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.
minimal gardening, just mow the lawn and trim hedges
Body Corp pays for pool maintenance and extra gardening

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

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

Business Summary

Business Snapshot

Price: SOLD 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: 11Owner Occupy Units: 4Outside Agent Units: 7Agreement Term: 25 yearsAgreement Term Remaining: 25 years

Marketing Agent

Kerrie Lush

0416 08....

Ras360

Key Investment Insights

1. Brand new 25-year management agreement, 25 years remaining, providing long-term income security.
2. Net profit of $151,081, with additional Body Corp salary/remuneration of $39,213.
3. Managers apartment valued at $1,200,000, configured as a spacious 4-bedroom, 3-bathroom residence with 2 car spaces.
4. Can be operated by a single person with no office hours, reducing staffing costs and simplifying operations.
5. Strong lifestyle location, steps to Mermaid Beach, the surf club and popular cafés, supporting steady guest demand.
6. Boutique resort/holiday complex of 23 units, with 11 units in the letting pool, offering scale without being impersonal.
7. Minimal onsite facilities to manage, limited to a swimming pool and BBQ/communal areas, lowering operational complexity.
8. Body Corporate covers pool maintenance and extra gardening, reducing owner-led maintenance obligations and costs.
9. Ground-floor residence includes huge private outdoor patio front and back, plus secure parking and extra storage suitable for a man cave or pool table.
10. Flexible accommodation options in the large residence; with minor renovations it can be split for rental income or repurposed for student housing, elderly living, or a teen retreat.
11. Listing notes a price reduction labelled "PRICE SLASHED", though the business snapshot shows the price status as SOLD.

Management Rights Multiplier: 0.66
ROI Estimate: 11.62%