Mermaid Beach, Queensland
Beachside Holiday Management Rights with Flexibility to Reside Offsite
$1,790,000
Business Description
Located within one of the Gold Coast's most tightly held coastal suburbs of Mermaid Beach, this boutique holiday management rights business presents an outstanding opportunity to secure a well-established operation with long-term security, flexible management and genuine scope for future growth.
Comprising just 36 apartments, the complex currently has 16 apartments in the letting pool, with a further 11 apartments managed by outside agents and only 6 owner occupiers. This presents an excellent opportunity for an incoming operator to increase the letting pool over time and further enhance business profitability.
The business has a healthy 24 years remaining providing long-term security and a solid foundation for future ownership.
A standout feature of this opportunity is the flexibility it offers. The current owners successfully operate the business remotely while retaining the manager's residence within the holiday letting pool to maximise income. With no requirement to reside onsite, a separate office and no set office hours required, the business provides the freedom to tailor operations to suit your preferred lifestyle.
The manager's residence is a spacious, modern ground-floor apartment and offers excellent flexibility as either a private residence or an income-producing asset.
Located a short stroll from the beach, the complex enjoys an enviable position within easy walking distance of Nobby Beach cafés, restaurants, bars and boutique shopping precinct. The nearby G:link Gold Coast Light Rail provides convenient access to nearby Broadbeach, Burleigh and Surfers Paradise, ensuring strong appeal to holidaymakers throughout the year.
Business Highlights
- Boutique complex of 36 apartments
- 16 apartments currently in the letting pool
- Excellent opportunity to grow the letting pool from 11 externally managed apartments
- 24 years remaining on 25 year Accommodation Module agreement
- NO requirement to reside onsite
- Separate office with flexible management arrangements and no set office hours
- Spacious, modern ground-floor manager's residence
- Short stroll to the beach
- Walking distance to cafés, restaurants, bars and public transport
- Strong year-round holiday demand
- Outstanding lifestyle business with excellent future growth potential
Combining an enviable coastal lifestyle with a secure income stream and significant upside, this is an exceptional opportunity to acquire a quality management rights business in one of the Gold
Coast's most sought-after beachside locations.
Contact Craig today to discuss further.
Net Profit: $196,615
Property Code: 131
Business Summary
Business Snapshot
Price: $1,790,000
Net Profit: $196,615 Remuneration / Body Corp Salary: $97,470Body corp salary review: CPI Annually
Managers Unit
Value of Managers Apartment: $890,000Bedrooms: 2Bathrooms: 2Car Spaces: 2Office: On Title2 Bedroom, 2 Bathroom, 2 Car Spaces
Complex Information
Complex Type: HolidayTotal Units in Complex: 36Total Units in Letting Pool: 16Owner Occupy Units: 6Outside Agent Units: 11Lockup Units: 2Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 24 yearsPool: YesBBQ Area: Yes
Key Investment Insights
AI generated. Confirm details with the seller.
1. Established holiday management rights business generating reported net profit of $196,615.
2. Secure 24 years remaining on the 25 year Accommodation Module agreement.
3. Remote operation is established, with no requirement to reside onsite or maintain set office hours.
4. Only 16 of 36 apartments are currently in the letting pool, providing scope to attract externally managed apartments.
5. Separate office and flexible management arrangements support lifestyle oriented ownership.
6. Manager’s residence is a modern two bedroom, two bathroom ground floor apartment with two car spaces.
7. Residence is valued at $890,000 and can be retained privately or within the holiday letting pool.
8. Beachside Mermaid Beach location offers walking access to the beach, Nobby Beach amenities and public transport.
9. Gold Coast Light Rail provides access to Broadbeach, Burleigh and Surfers Paradise.
10. Complex amenities include a swimming pool and BBQ area.
11. Boutique 36 apartment complex with only six owner occupiers and two lock up units.
12. Reported remuneration or body corporate salary is $97,470, reviewed annually by CPI.
Management Rights Multiplier: 4.58
ROI Estimate: 10.98%
