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BUSINESS ONLY MLR- PROFITABLE, BLUE-CHIP PROPERTY IN PRESTIGIOUS MERMAID BEACH | Resort Brokers ID : MRB008735
$750,000
Permanent Management Rights, MERMAID BEACH QLD
ResortBrokers presents an exceptional opportunity to acquire the permanent management rights to a coveted, architecturally designed property strategically located in the prestigious, sought-after Mermaid Beach locale.
'The Park Mermaid Beach' is a luxury complex comprising 59 apartments. The business delivers a net profit of approximately $130k and a BC Salary of circa $99k, supported by 23-year agreements, no office hours, and no requirement to purchase a unit.
This permanent MLR represents a fantastic opportunity to acquire a profitable, blue-chip property with a healthy net profit and the potential to grow the income by converting the outside agents back into the letting pool. It would be a superb addition to a local operator's business portfolio!
- Blue-chip permanent management rights
- Business only, with no set office hours or unit purchase
- Prime location in a sought-after Mermaid Beach
- Ground-floor office on title
- Secure 23+ Caretaking& Letting Agreements
- Great add on business for local operator
- Boutique collection of luxury apartments with opulent facilities
- 9 lots permanently let, 12 outside agents, 37 owner-occupied
- Inspection by appointment only
Date updated: 19 May 2025 23:00:02
More Information
- Total Purchase Price: $750,000
- Net Income: $ 130,000
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 0
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: undisclosed
Estimated number of years till the Net Income reaches the Purchase Price of the business component. Other factors such as lifestyle, workload, location and offering should always be considered ahead of the multiplier when evaluating a Management Rights business.
Number of units the manager is authorised to manage.
Number of units resided in by their owners.
Number of units owners are not renting out, but also do not live in.
Number of units being rented by other agents (these could potentially be acquired by the manager).
The total number of units within the complex.
This is the body corporate caretaker salary. It is included in the Net Income above.
How long is the caretaking contract.
How long remains on the caretaking contract before it must be renewed?
How long has the management rights existed.
Required Office Hours