Mermaid Beach, Queensland

Flexible Mermaid Beach Management Rights - No Onsite Living Requirements

$1,890,000

Business Description

Hotel Resort Sales presents an exclusive opportunity to secure a highly desirable management rights business located in the Broadbeach–Mermaid Beach precinct, with no requirement to live onsite. Offering outstanding flexibility and solid income, this business perfectly suits both newcomers to the industry or established operators looking to expand their portfolio.

Key Features:

• No Requirement to Live Onsite – the current owners rent out the spacious 2-bedroom, 1-bathroom manager’s unit through the holiday letting pool, providing an additional income stream.
• No Set Office Hours – enjoy freedom and lifestyle flexibility.
• Separate Office on Title – includes a private bathroom for added convenience.
• Generous Body Corporate Salary – over $125k, exceptional for a complex of this size.
• Easy-Care Grounds – minimal maintenance required, ensuring efficient operations.

Situated in this very sought-after area, this well-maintained complex offers an even mix of holiday and permanent rentals, providing stable year-round returns. Guests and residents alike appreciate the unbeatable location, a short stroll to Pacific Fair, the beach, restaurants, cafés, The Star Casino, Gold Coast Convention Centre, and direct access to the G:link tram.

The manager’s unit comprises of 2 bedrooms, 1 bathroom, 1 car space, a modern, well-appointed unit currently used as part of the letting pool which achieves a high return over and above the net profit figure.

Business & Agreements:

• Long agreements with healthy years remaining.
• Highly supportive body corporate.
• Excellent systems and procedures in place.

With the current owners now preparing for retirement, this is a genuine opportunity to acquire a strong-performing management rights business with impressive profitability and lifestyle appeal. Perfect as a standalone investment or a strategic add-on to an existing management rights portfolio.

Net Profit: $240,245

Property Code: 101

Business Summary

Business Snapshot

Price: $1,890,000 Net Profit: $240,245 Remuneration / Body Corp Salary: $125,034Business Value: $1,040,000Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $850,000Bedrooms: 2Bathrooms: 1Car Spaces: 1Office: On TitlePets OK: Yes

Complex Information

Complex Type: MixedTotal Units in Complex: 47Total Units in Letting Pool: 19Owner Occupy Units: 22Outside Agent Units: 5Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 25 yearsPool: YesSpa: YesBBQ Area: Yes

Marketing Agent

Craig Johnson

1300 9....

Hotel Resort Sales

Key Investment Insights

AI generated. Confirm details with the seller.

1. Net profit of $240,245, supported by a body corporate salary exceeding $125,000.
2. No onsite living requirement enables flexible ownership, with the manager’s unit currently generating additional letting pool income.
3. The two bedroom manager’s unit includes one bathroom and car space, and is valued at $850,000.
4. Separate office on title includes a private bathroom, supporting convenient business operations.
5. No set office hours and easy care grounds provide lifestyle flexibility and efficient day to day management.
6. Long 25 year agreements with 25 years remaining provide substantial contractual tenure.
7. A supportive body corporate and established systems and procedures assist operational continuity.
8. The complex combines holiday and permanent rentals, with 19 letting pool units within 47 total units.
9. Located near Pacific Fair, Mermaid Beach, restaurants, cafés, The Star Casino and the Gold Coast Convention Centre.
10. Direct G:link tram access and proximity to the beach strengthen the precinct’s location appeal.
11. Suitable as a standalone investment or strategic addition to an existing management rights portfolio.

Management Rights Multiplier: 4.33
ROI Estimate: 12.71%