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, approximately 200 metres to Nobbys Beach Surf Life Saving Club and about 100 metres to surf beaches, with cafes, bars and restaurants within easy walking distance.
2. Strong year-round demand in a resort/holiday complex on the Gold Coast, enhancing occupancy and revenue stability.
3. Management Rights price $900K, managers unit $850K, total $1.75M, providing clear transaction structure.
4. Reported net profit $194,014, with remuneration/body corporate salary $97,470, indicating current cashflow and owner income.
5. Fully topped-up 25-year Accommodation Module agreements, 25 years remaining, delivering long-term security and continuity.
6. Complex of 36 units, with 17 currently in the letting pool, 11 managed by outside agents and 6 owner-occupiers, creating immediate growth potential by expanding the letting pool.
7. Manager’s residence is a modern ground-floor apartment, 2 bedrooms, 2 bathrooms, 2 car spaces, offering quality onsite accommodation if required.
8. Current owners operate offsite and keep the manager’s unit in the letting pool, demonstrating operational flexibility and no mandatory onsite residency.
9. Separate office provided and no set office hours, allowing flexible management and potential to scale business operations.
10. Two lockup units included, providing additional secure storage or ancillary revenue opportunities.
11. Proximity to the G:link Gold Coast Light Rail enhances guest accessibility and market appeal.
12. Clear upside potential from converting outside-agent and owner-occupier units into the letting pool, supporting revenue growth without major capital expenditure.
