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Priced to Sell - Mermaid Beachside Management Rights
$1,100,000
Resort / Holiday management rights, Mermaid Beach QLD
Take advantage of this rare opportunity to live and work in sought-after Mermaid Beach. Just 170 metres from the sand and adjacent to a peaceful park, this well-maintained complex offers the perfect work-life balance for a single operator, couple, or first-time buyer.
With minimal maintenance required - only a small front lawn to mow and low-care gardensthis boutique complex is incredibly easy to manage. Onsite amenities include a swimming pool, spa, sauna, and BBQ area, enhancing its appeal to holidaymakers and residents alike.
The letting pool features five fully self-contained one-bedroom holiday units, consistently in demand thanks to the property's premium location. Enjoy close proximity to Broadbeachs vibrant dining precinct, Pacific Fair Shopping Centre, The Star Casino, Gold Coast Convention Centre, and the G:Link tram.
The current managers have fostered a positive relationship with the Body Corporate and recently secured a five-year top-up, extending the agreements to a solid 23-year term.
The managers residence is spacious and comfortable, featuring:
- 2 bedrooms
- 2 bathrooms
- 2 secure car space
- A large private courtyard
- Adjoining office
This is a rare chance to acquire a beachside lifestyle business at an attractive entry point. Priced with an ultra-low 2.75x multiplier, this opportunity wont last long.
Dont miss your chance to own in one of the Gold Coasts most desirable locations. Enquire today!
Net Profit: $100,000 *Approx.
Property Code: 18
More Information
- Total Purchase Price: $1,100,000
- Net Income: $ 100,000
(projected)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 825,000
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 : 0493 108 0731300 946 9210455 445 ...