Mermaid Beach, Queensland

$1,590,000

Property Description

Management Rights with Holiday and Permanent Lettings in the Heart of Mermaid Beach!

This complex is a great family resort with tropical gardens and a huge lagoon style swimming pool. It is a three story walk-up with a combination of apartments, townhouses and villas.

There are a total of 70 units with 24 in the letting pool creating a net profit of $215,000 including a body corporate salary of $119,000.

It has an impressive reception area attached to a spacious manager's unit with 2 bedrooms and 2 bathrooms.

This is a very popular family resort!

Financials:
BC Salary: $119,585
Net Profit: $214,613
Unit Price: $540,000
Business Price: $1,050,000
Total Price: $1,590,000

Property Summary

Business Snapshot

Price: $1,590,000 Net Profit: $214,613 Remuneration / Body Corp Salary: $119,585

Managers Unit

Value of Managers Apartment: $540,000Bedrooms: 2

Complex Information

Complex Type: ResortTotal Units in Complex: 70Total Units in Letting Pool: 24Holiday Units: 24Owner Occupy Units: 36Agreement Term: 25 yearsAgreement Term Remaining: 12 years

Marketing Agent

  • Jonathan Shorter

  • 0405 537 600
  • 0405 537 600
  • send email

Marketing Agency

RAAS Group

RAAS Group

RAAS Group

Jonathan Shorter
RAAS Group

Phone

Listing Tools

Property Map

Map Location ( get directions )

Mermaid Beach, Queensland 4218 Exact map location not provided

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