Mermaid Waters, Queensland

LARGE PERMANENT MANAGEMENT RIGHTS WITH UPSIDE POTENTIAL IN GROWTH LOCALE | Resort Brokers ID : MRB008730

Under Contract / Offer

Business Description

This is an exclusive business-only management rights with robust net profit and strong growth opportunity! The Lanes Residences in Mermaid Waters, consists of 307 apartments and forms part of a 42ha master-planned waterside community with luxury facilities and extensive retail village plus a further 2000+ dwellings in the delivery pipeline over the next 5 years.

These permanent-let buildings are fully operational and provide excellent security for incoming owners with long tenure on agreements, a body corporate salary representing 77% of the income and a net profit of $520,000. By securing the management rights to The Lanes it positions a sophisticated operator perfectly to provide a solution to the future evolution of this iconic precinct.

- The Lanes Residences is an iconic residential development recently delivered by the Sunland Group
- Business-only setup with no real estate to own, and no obligation to live on-site
- Delivering a robust net profit of $521,008 per annum
- Body Corporate salary of $403,092 per annum
- 25-year agreements with 23 and 24 years remaining
- Two Body Corporate schemes across the four buildings with a total of 307 apartments
- Permanent letting pool of 39 units with 50 outside agents providing genuine upside opportunity
- East Village hosts 150 units and West Village 157 units
- Stunning shared facilities include swimming pools, lounge areas, gym and sauna
- Operational spaces under OA include reception and back office, with several storage areas
- Genuine opportunity to secure an iconic asset in a 5-year master plan community
- All inspections by appointment only

Date updated: 14 Sep 2025 23:00:05