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: $125,034Body 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: 18Owner Occupy Units: 23Outside Agent Units: 5Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 21 yearsPool: YesSpa: YesBBQ Area: Yes

Marketing Agent

Craig Johnson

Hotel Resort Sales

Key Investment Insights

1. Asking price $1,890,000, net profit $240,245, offering a strong return profile for a management rights business.
2. Generous body corporate salary $125,034 with annual CPI review, providing predictable owner remuneration.
3. No onsite living requirement, manager’s 2-bedroom unit currently income-producing in the holiday letting pool.
4. Manager’s apartment valued at $850,000, includes 2 bedrooms, 1 bathroom and 1 car space, enhancing overall asset value.
5. Separate office on title with private bathroom, enabling professional on-site operations without relying on residential space.
6. Long agreements in place, 25-year term with 21 years remaining, supporting business stability and transferability.
7. Mixed complex of 47 units, 18 in the letting pool and 23 owner-occupied, offering diversified income streams and stable occupancy.
8. Highly supportive body corporate and excellent systems and procedures, reducing operational friction for a new owner.
9. Easy-care grounds and on-site amenities including pool, spa and BBQ area, minimising maintenance burden while enhancing guest appeal.
10. Prime Broadbeach–Mermaid Beach location, short walk to Pacific Fair, beach, restaurants, The Star Casino, Convention Centre and direct G:link tram access, supporting strong demand.
11. Flexible operational model with no set office hours and pet-friendly manager’s unit, attractive to lifestyle buyers or portfolio acquirers.

Management Rights Multiplier: 4.33
ROI Estimate: 12.71%