Proudly supported by all of the industry's leading brokers
Prime Management Rights for Sale in Mermaid Beach
$1,195,000
Resort / Holiday management rights, Mermaid Beach QLD
Unlock the perfect lifestyle and business opportunity with this exceptional management rights in the heart of Mermaid Beach. Ideal for a single operator, couple, or first-time buyer, this well-maintained complex is located just 170 meters from the beach and next to a tranquil park, creating the ultimate work-life balance.
This extremely low maintenance complex has minimal workload as there is only a small strip of grass out the front to mow and has easy to maintain gardens.
The complex features amenities including a pool, spa, sauna, and BBQ area. The business includes eight self-contained one-bedroom holiday units in the letting pool. Its prime location places you within easy reach of Broadbeachs lively dining and entertainment options, Pacific Fair Shopping Centre, the G: Link tram, The Convention Centre and The Star Casino.
The current managers have a strong relationship with Body Corporate and just received a 5 year top up on the agreements taking this up to 23 years.
The spacious managers residence includes two bedrooms, two bathrooms, two parking spaces, a large private courtyard, and an adjoining office, providing both comfort and convenience in a highly sought-after location.
This Mermaid Beach management rights opportunity provides a coveted beachside lifestyle at an affordable price.
A must-inspect for anyone looking to combine business and beachside living!
Net Profit: $127,493
More Information
- Total Purchase Price: $1,195,000
- Net Income: $ 127,493
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 795,000
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
The value of on-title property included with the business. Its price is included in the Total Purchase Price.
Is there a manager's office included on the title?
Can the manager own a pet on site?
Craig Johnson
Office : 1300 946 ...Mobile : 1300 946 9210493 108 0731300 946 9210455 445 ...