Mermaid Beach, Queensland

BUSINESS ONLY MLR- PROFITABLE, BLUE-CHIP PROPERTY IN PRESTIGIOUS MERMAID BEACH | Resort Brokers ID : MRB008735

$750,000

Business Description

ResortBrokers presents an exceptional opportunity to acquire the permanent management rights to a coveted, architecturally designed property strategically located in the prestigious, sought-after Mermaid Beach locale.

'The Park Mermaid Beach' is a luxury complex comprising 59 apartments. The business delivers a net profit of approximately $130k and a BC Salary of circa $99k, supported by 23-year agreements, no office hours, and no requirement to purchase a unit.

This permanent MLR represents a fantastic opportunity to acquire a profitable, blue-chip property with a healthy net profit and the potential to grow the income by converting the outside agents back into the letting pool. It would be a superb addition to a local operator's business portfolio!

- Blue-chip permanent management rights
- Business only, with no set office hours or unit purchase
- Prime location in a sought-after Mermaid Beach
- Ground-floor office on title
- Secure 23+ Caretaking & Letting Agreements
- Great add on business for local operator
- Boutique collection of luxury apartments with opulent facilities
- 9 lots permanently let, 12 outside agents, 37 owner-occupied
- Inspection by appointment only
Date updated: 19 May 2025 23:00:02