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

1. Listed price $1,890,000, business value $1,040,000, net profit $240,245, indicating a clear profit-to-price profile.
2. Generous body corporate remuneration of $125,034, reviewed annually by CPI, providing stable guaranteed income.
3. Manager’s 2-bedroom apartment valued at $850,000 is on the letting pool, generating additional rental income beyond reported net profit.
4. No requirement to live onsite, current owners rent the manager’s unit, offering flexibility for operators and potential higher cashflow.
5. Separate office on title with private bathroom, enabling professional on-site administration without using the manager’s residence.
6. Long-term agreements in place, 25-year original term with 21 years remaining, reducing contract risk for incoming buyers.
7. Highly supportive body corporate and established systems and procedures, signalling smooth operational transition and governance.
8. Mixed-use complex with 47 units, 18 in the letting pool, 23 owner-occupied and 5 with outside agents, providing diversified income streams and occupancy stability.
9. Prime Broadbeach–Mermaid Beach location, short stroll to Pacific Fair, the beach, restaurants, The Star Casino, Convention Centre and G:link tram, enhancing year-round demand.
10. On-site amenities include pool, spa and BBQ area, and easy-care grounds, supporting holiday market appeal and low maintenance operations.
11. No set office hours, offering lifestyle flexibility and suitability for owner-operators or portfolio managers seeking work-life balance.
12. Business positioned as a turnkey opportunity for both newcomers and established operators, suitable as a standalone investment or strategic add-on.

Management Rights Multiplier: 4.33
ROI Estimate: 12.71%