Mermaid Beach, Queensland
Beachside position, year-round demand
$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 beachside location on the Gold Coast, 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 accessibility, close to the G:link Gold Coast Light Rail, enhancing guest appeal and occupancy potential.
3. Resort/holiday complex of 36 units, creating consistent year-round demand due to seaside positioning.
4. Letting pool growth opportunity, 17 units currently in the pool, 11 managed by outside agents and 6 owner occupied, enabling immediate revenue upside by converting outside agent or owner units.
5. Long-term security from fully topped-up 25-year Accommodation Module agreements, agreement term remaining 25 years.
6. Attractive financials, total asking price $1.75M split $900K for management rights and $850K for the managers unit.
7. Reported net profit $194,014, with remuneration/body corporate salary of $97,470, indicating existing cashflow for an incoming operator.
8. Flexible operating model, current owners operate offsite while keeping the managers unit in the letting pool, demonstrating no mandatory onsite residency.
9. Modern, spacious managers residence, ground-floor 2 bedroom, 2 bathroom apartment with 2 car spaces, providing quality accommodation or additional letting income.
10. Operational convenience, separate onsite office and no set office hours, offering flexibility to scale the business and manage time effectively.
11. Ancillary assets include 2 lockup units, providing potential storage or additional revenue options.
12. Rare market opportunity emphasised by location and upside, suitable for operators seeking immediate growth through letting pool expansion and hands-on management.
