Broadbeach, Queensland


Property Description

Caretaking Only Business, Low Multiplier in Mermaid Beach | Resort Brokers ID : MRC005911

This caretaking only business is all about lifestyle with resort-style facilities including pool, spa & BBQ area with low maintenance gardens. There is potential upside is to grow this business into something much more than luxury living near the beach.

  • Sought after luxury living in Mermaid Beach

  • $66k Body Corporate Salary

  • No office hours – contactable by phone only

  • Room to grow business through engaging in letting – 3 x lockups & 5 x outside agents

  • $265k sinking fund – after works to upgrade and maintain luxury living

  • Incredible location near Pacific Fair, beach, dining precincts and schools

  • Low multiplier 3.5x

  • Fantastic lifestyle in a luxury building with low maintenance caretaking role

  • Property inspections are by appointment only

Date updated: 14 Jan 2020 23:00:06

Property Summary

Business Snapshot

Price: $949,000 Net Profit: $66,977 Remuneration / Body Corp Salary: $64,000

Managers Unit

Value of Managers Apartment: $715,000Bedrooms: 3Bathrooms: 2Office: On Title

Complex Information

Complex Type: CorporateTotal Units in Complex: 27Owner Occupy Units: 17Outside Agent Units: 5Lockup Units: 5Agreement Term Remaining: 9 years

Marketing Agent

Marketing Agency


Todd Warner


Listing Tools

Property Map

Map Location ( get directions )

Broadbeach, Queensland 4218 Exact map location not provided

Similar Properties