Mermaid Beach, Queensland
Rare Nobbys Beach Management Rights with Outstanding Lifestyle Appeal
$900K MR & $850K Unit = Total $1.75M
Business Description
Positioned in one of the Gold Coast’s most desirable beachside pockets, Beaches on Wave presents an outstanding Management Rights opportunity with strong fundamentals and exceptional upside.
The complex comprises 36 units, including 17 in the letting pool, 11 managed by outside agents, and 6 owner occupiers—creating immediate growth potential for an incoming operator to expand the letting pool and drive revenue. With fully topped-up 25-year agreements (Accommodation Module), the business offers exceptional long-term security and stability.
The manager’s residence is a modern, spacious ground-floor apartment with a generous floor plan. Currently, the owners operate the business offsite and keep the unit in the letting pool, highlighting the flexibility of the business model as there is no requirement to reside onsite. A separate office is conveniently located, and no set office hours allow operators the flexibility to manage their time and grow the business as they see fit.
The location is exceptional—just 200 meters from Nobbys Beach Surf Life Saving Club and approximately 100 meters to pristine surf beaches, with vibrant cafés, bars and restaurants all within easy walking distance. The nearby G:link Gold Coast Light Rail further enhances accessibility and appeal for guests.
Lifestyle, flexibility, and genuine business upside—Beaches on Wave delivers it all.
Opportunities with this level of potential and location are rarely available. Enquire today to arrange your inspection.
**Ras360 – Specialists in Motels | Hotels | Pubs | Parks | Management Rights **
Business Summary
Business Snapshot
Price: $900K MR & $850K Unit = Total $1.75M
Net Profit: $194,014 Remuneration / Body Corp Salary: $97,470
Managers Unit
Bedrooms: 2Bathrooms: 2Car Spaces: 2Complex Information
Complex Type: Resort / HolidayTotal Units in Complex: 36Total Units in Letting Pool: 17Owner Occupy Units: 6Outside Agent Units: 11Lockup Units: 2Agreement Term: 25 yearsAgreement Term Remaining: 25 years
Key Investment Insights
1. Prime beachfront location, approximately 100 metres to surf beaches and 200 metres to Nobbys Beach Surf Life Saving Club, with cafes, bars and restaurants within easy walking distance.
2. Strong transport access, with the nearby G:link Gold Coast Light Rail enhancing guest accessibility and appeal.
3. Resort holiday complex with 36 units, providing scale and holiday market positioning.
4. Immediate growth potential in the letting pool, 17 units currently managed, 11 managed by outside agents and 6 owner occupied, offering opportunity to convert up to 17 additional units into the pool.
5. Fully topped-up 25-year Accommodation Module agreements, with 25 years remaining, delivering long-term security and predictable income streams.
6. Manager’s residence is a modern ground-floor 2 bedroom, 2 bathroom apartment with 2 car spaces, included in the sale.
7. Business can be operated offsite, current owners keep the manager unit in the letting pool, demonstrating flexibility and no strict onsite residency requirement.
8. Separate office on site and no set office hours, allowing operational flexibility and scalable management.
9. Clear financial snapshot, asking price $900K for management rights and $850K for the unit, total $1.75M.
10. Healthy reported net profit of $194,014, with body corporate salary/remuneration of $97,470, indicating cashflow for an operator.
11. Two lockup units on title, adding ancillary storage or revenue opportunities.
