Mermaid Beach, Queensland

$1,195,000

Property Description

Business For Sale - Actual Beachfront Management Rights - ID 8019 BL

- Easy To Manage Holiday Building
- Management Rights For Sale
- Rolling 5 year extensions
- Easy to run business, low pressure lifestyle
- Very stable business in quiet location
- Ideal destination for families
- Direct beach access
- Walk to restaurants and surf club
- One bedroom residence has a large covered courtyard
- Can be run by one person with some assistance
- Very unusual to see a management rights business with automatic 5 year top ups. No more go to an EGM to seek approval for extensions. One of the few management rights businesses that has direct access to the beach. Currently operated by a single person who pays for a gardener to work approximately 10-15 hours per week plus some reception. Great business for newcomers to the industry.

Net Profit: $186,925
Asking Price: $1,195,000
(Inclusive of manager's real estate)

For further information or to arrange an inspection of this Gold Coast management rights business for sale contact:

Listing Broker
Gerard Dixon

Property Summary

Business Snapshot

Price: $1,195,000 Net Profit: $209,845 Remuneration / Body Corp Salary: $59,677

Managers Unit

Value of Managers Apartment: $390,000Bedrooms: 1Bathrooms: 1Car Spaces: 1Pets OK: Yes
Large covered outdoor area

Complex Information

Complex Type: HolidayTotal Units in Complex: 35Total Units in Letting Pool: 22Holiday Units: 22Owner Occupy Units: 8Outside Agent Units: 3Lockup Units: 2Agreement Term: 15 yearsAgreement Term Remaining: 13 yearsPool: YesSpa: Yes

Marketing Agent


Marketing Agency

MR Sales

MR Sales

MR Sales

Gerard Dixon
MR Sales

Phone

Listing Tools

Property Map

Map Location ( get directions )

Mermaid Beach, Queensland 4218 Exact map location not provided

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