Mermaid Beach, Queensland
Two Permanent Delights - Only Two Streets from the Beach!!
SOLD
Business Description
Both complexes are approximately 4 minutes away from a sunset stroll, an early morning walk on the beach or fish in the surf. Walking distance to shops, restaurants and approximately a 5 minute drive or bus to Pacific Fair. Both complexes also feature an outdoor pool, spa, BBQ and beautiful landscaped gardens.These complexes are conveniently situated and are approximately a 10 minutes' drive from Surfers Paradise, and approximately 5 minutes' drive from Jupiters Casino whilst the Gold Coast Airport is approximately a 40 minute drive away.
An additional revenue provider not included in the figures is the caretaking of a third complex.
The manager's apartment is spacious, beautifully presented and fully renovated. It comprises 2 spacious bedrooms, 2 bathrooms, with a partial wraparound balcony. Good sized lounge open plan with dining room leading out to two separate balconies, and a modern and well-appointed kitchen. A separate on title office, and secure tandem garaging.
To arrange an inspection please call: Gavin - ---------- or email: ----------
Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.
Business Summary
Business Snapshot
Price: SOLD Net Profit: $77,500 Remuneration / Body Corp Salary: $56,100Managers Unit
Value of Managers Apartment: $560,000Office: On TitleThe manager's apartment is spacious, beautifully presented and fully renovated. It comprises 2 spacious bedrooms, 2 bathrooms, with a partial wraparound balcony. Good sized lounge open plan with dining room leading out to two separate balconies, and a modern and well-appointed kitchen. A separate on title office, and secure tandem garaging.
Complex Information
Complex Type: PermanentTotal Units in Complex: 36Total Units in Letting Pool: 11Owner Occupy Units: 19Outside Agent Units: 5Indoor Pool: YesBBQ Area: YesMarketing Agent
Gavern Property
Gavern Property - Management Rights
Key Investment Insights
Key Insights:1. Prime Location: The two complexes are situated only two streets away from the beach, making it an attractive location for potential buyers.
2. Close to Amenities: The complexes are within walking distance to shops, restaurants, and public transportation, making it convenient for residents.
3. Additional Revenue: The opportunity to also manage a third complex provides an additional source of income for the buyer.
4. Manager's Apartment: The manager's apartment is spacious, renovated, and well-appointed, making it an attractive feature for potential buyers.
5. Profitability: The business has a net profit of $77,500, with a remuneration/Body Corp salary of $56,100, making it a profitable investment.
6. Complex Information: The complexes are permanent, with a total of 36 units and 11 units in the letting pool. There are also attractive amenities such as an indoor pool and BBQ area.
7. Potential for Growth: With only 11 units in the letting pool, there is potential for growth and expansion of the business.
8. Disclaimer: The information provided is deemed accurate, but prospective buyers should conduct their own due diligence to verify the information.
Management Rights Multiplier: 2.99
ROI Estimate: 33.41%
Listing location
Gallery
This Business is sold
Listing Tools
Last update: 3rd July 2025
