Mermaid Waters, Queensland

WATERFRONT MERMAID WATERS RESIDENTIAL MANAGEMENT RIGHTS – EXCELLENT ROI | Resort Brokers ID : MR008485

$1,450,000

Business Description

ResortBrokers presents a Management Rights opportunity in one of Australia’s top-tier holiday destinations, Mermaid Beach. This residential complex of 80 units, with 28 in the letting pool, offers operational flexibility and impressive Body Corporate Remuneration of $109k (plus GST), with long-term 22-year agreements ensuring stability.

With no requirement to reside onsite, the manager's two-bedroom, two-bathroom residence can be rented out generating a further $630+ per week in rental income. Further potential for growth exists via converting the 12 outside agents back into the letting pool.

Centrally located near popular amenities, this investment opportunity is a standout choice for investors looking to grow their portfolio, with waterfront units commanding premium rental returns of $650-690 per week.

- Impressive Body Corporate remuneration of approximately $109k (plus GST)
- Residential complex featuring 80 two-bedroom, one-bathroom units, with 28 in the letting pool
- Waterfront units command premium rental returns of $650-$690 per week
- Long-term agreements in place with 22 years remaining
- Operational flexibility with no requirement for onsite residence or office hours
- Two-bedroom, one-bathroom waterfront manager's residence generating $630+ per week in rental income
- Potential for growth via converting 12 outside agents
- Centrally located near popular amentities including eateries, parksm, public transport and shopping precincts
- Inspections by appointment only
Date updated: 01 Dec 2024 22:00:07

Business Summary