Mermaid Beach, Queensland

Lifestyle Living - Permanent By The Beach!!

SOLD

Business Description

This boutique 3 storey complex is full of huge benefits to provide the new owners with not only a spacious 3 Bedroom apartment but also a great lifestyle.

All floors serviced by a lift, no offices hours, approximately 6 hours of caretaking duties each week plus a bit of paperwork, and the opportunity to still pursue another career, or simply enjoy the lifestyle.

Situated within walking distance of Pacific Fair Shopping Centre, The Casino, The Convention Centre, Broadbeach with some of the best dining on the Gold Coast.

Just 300m from a patrolled Beach and no need to cross busy main roads.

Enjoy the lifestyle of breakfast or lunch at nearby restaurants, or take a leisurely stroll North along the golden sand to Broadbeach or South to Nobby's Beach.

A very spacious 3 bedroom managers apartment in this location is quite rare!!

This lifestyle apartment is very well appointed with many features including 2 balconies - one from the living area and two bedrooms, and one off the main bedroom with access to the pool. Two bathrooms and a well appointed kitchen will please! Two undercover secure car spaces and ample storage will also please!

Priced to sell and a very low multiplier!!

To arrange an inspection please call: Gavin - ---------- or email: ----------

Business Summary

Business Snapshot

Price: SOLD Net Profit: $31,800 Remuneration / Body Corp Salary: $20,660

Managers Unit

Value of Managers Apartment: $560,000Office: On Title

A very spacious 3 bedroom managers apartment in this location is quite rare!!

Complex Information

Complex Type: PermanentTotal Units in Complex: 15Owner Occupy Units: 7Outside Agent Units: 2

Marketing Agent

Gavern Property

Gavern Property - Management Rights

Key Investment Insights

1. Boutique 3 storey complex with elevator access
2. No office hours and minimal caretaking duties
3. Opportunity to pursue another career or enjoy a leisurely lifestyle
4. Walking distance to popular attractions such as Pacific Fair Shopping Centre, The Casino, and Broadbeach
5. 300m from a patrolled beach with no need to cross busy main roads
6. Spacious 3 bedroom manager's apartment with 2 balconies and 2 bathrooms
7. Well-appointed kitchen and ample storage space
8. Two undercover secure car spaces
9. Low multiplier and priced to sell
10. Permanent complex with 15 units, 7 owner-occupied and 2 managed by outside agents.

Management Rights Multiplier: 2.52
ROI Estimate: 39.75%