Mermaid Waters, Queensland

MERMAID MR - EXCELLENT ROI - RUN REMOTELY+ $36K EXTRA RENTAL INCOME | Resort Brokers ID : MR008878

Under Contract / Offer

Business Description

Lifestyle flexibility, this profitable management rights in the popular Gold Coast suburb of Mermaid Waters has it in abundance!

With no requirement to reside, no set office hours this fantastic business can be run remotely, while the waterfront manager’s residence can be rented out for approximately $650 per week, adding a further $36,000+ p.a. extra rental income to the solid $172k+ Net Profit.

The secure, gated residential complex comprises 80 units, 27 units are included in the letting pool, with 15 managed by external agents, presenting a significant opportunity for growth and increased management income.

This low-demand property requires just a few hours of daily attention, whether you're an experienced investor, an aspiring manager looking to expand your portfolio, or a semi-retiree, this complex provides solid rental income, room for growth, and the allure of waterfront living – a rare and lucrative combination with operational flexibility.

- Operational flexibility,can be run remotely - no requirement to reside, no office hours
- Impressive body corporate remuneration of approximately $109k (plus GST)
- Waterfront manager's residence generating an extra $36k rental income p.a.
- Residential complex featuring 80 two-bedroom, one-bathroom units, with 27 in the letting pool
- Waterfront units command premium rental returns of $650-$750 per week
- Long-term agreements in place with 21 years remaining
- Potential for growth via converting 15 outside agents
- Located near popular amentities - eateries, parks, public transport and shopping precincts
- Inspections by appointment only
Date updated: 21 Sep 2025 23:00:07

Business Summary