Proudly supported by all of the industry's leading brokers
LARGE PERMANENT MANAGEMENT RIGHTS WITH UPSIDE POTENTIAL IN GROWTH LOCALE | Resort Brokers ID : MRB008730
$3,300,000
Permanent Management Rights, MERMAID WATERS QLD
This is an exclusive business-only management rights with robust net profit and strong growth opportunity! The Lanes Residences in Mermaid Waters, consists of 307 apartments and forms part of a 42ha master-planned waterside community with luxury facilities and extensive retail village plus a further 2000+ dwellings in the delivery pipeline over the next 5 years.
These permanent-let buildings are fully operational and provide excellent security for incoming owners with long tenure on agreements, a body corporate salary representing 77% of the income and a net profit of $520,000. By securing the management rights to The Lanes it positions a sophisticated operator perfectly to provide a solution to the future evolution of this iconic precinct.
- The Lanes Residences is an iconic residential development recently delivered by the Sunland Group
- Business-only setup with no real estate to own, and no obligation to live on-site
- Delivering a robust net profit of $521,008 per annum
- Body Corporate salary of $403,092 per annum
- 25-year agreements with 23 and 24 years remaining
- Two Body Corporate schemes across the four buildings with a total of 307 apartments
- Permanent letting pool of 39 units with 50 outside agents providing genuine upside opportunity
- East Village hosts 150 units and West Village 157 units
- Stunning shared facilities include swimming pools, lounge areas, gym and sauna
- Operational spaces under OA include reception and back office, with several storage areas
- Genuine opportunity to secure an iconic asset in a 5-year master plan community
- All inspections by appointment only
Date updated: 23 Jun 2025 23:00:02
More Information
- Total Purchase Price: $3,300,000
- Net Income: $ 521,008
(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