Mermaid Beach, Queensland

Mermaid Beach-Caretaking Only

Under Contract / Offer

Business Description

An outstanding opportunity to secure a highly manageable Management Rights business in the heart of sought-after Mermaid Beach, one of the Gold Coast’s most tightly held and desirable beachside suburbs.

Perfect as an “add-on” to an existing Management Rights portfolio or an attractive standalone operation, the business offers a very manageable workload with the benefit of excellent onsite facilities. The manager has access to a dedicated cleaning/storage room together with parking underneath the building, making the day-to-day operation simple and efficient.

Importantly, the agreements have recently received a TOP UP, providing an exceptional 24 years remaining and outstanding long-term tenure for the incoming manager.

Perhaps the most exciting feature is the potential upside. There are currently approximately 22 apartments within the complex managed by outside letting agents, presenting the incoming manager with a genuine opportunity to establish and progressively grow an onsite letting pool. Even modest success in converting outside-managed apartments could provide meaningful additional income and increase the future value of the business.

Mermaid Beach continues to be one of the Gold Coast’s premier residential and investment locations, combining an enviable beachside lifestyle with immediate access to Broadbeach, Pacific Fair, The Star Gold Coast, world-class dining, entertainment and transport.

With 24 years remaining, a comfortable workload, excellent onsite facilities and considerable potential to grow the business, this represents an affordable entry into a genuine blue-chip Management Rights location with plenty of upside still on the table.

**Ras360 – Specialists in Management Rights | Motels | Hotels | Pubs | Parks**

Business Summary

Business Snapshot

Price: Under Contract / Offer Net Profit: $45,465 Remuneration / Body Corp Salary: $45,465

Complex Information

Complex Type: PermanentTotal Units in Complex: 32Owner Occupy Units: 5Outside Agent Units: 27Agreement Term: 25 yearsAgreement Term Remaining: 24 years

Marketing Agent

Kerrie Lush

0416 08....

Ras360

Key Investment Insights

AI generated. Confirm details with the seller.

1. Manageable caretaking only operation generating $45,465 net profit and matching remuneration or body corporate salary.
2. Recently topped up agreements provide an exceptional 24 years remaining, supporting long term tenure for the incoming manager.
3. Dedicated cleaning and storage room plus undercover parking simplify daily operations and improve onsite efficiency.
4. Approximately 22 apartments are currently managed by outside letting agents, providing identifiable opportunity to establish an onsite letting pool.
5. Located in Mermaid Beach, with convenient access to Broadbeach, Pacific Fair, The Star Gold Coast, dining, entertainment and transport.
6. The 32 unit permanent complex includes only five owner occupied units, with 27 units currently managed externally.
7. Suitable as a standalone operation or add on to an existing Management Rights portfolio.
8. Mermaid Beach is described as a tightly held, desirable Gold Coast beachside suburb and premier residential and investment location.