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Absolute Beachfront Mermaid Beach
$1,310,000
Resort / Holiday management rights, Mermaid Beach QLD
Experience the luxury of waking up to million-dollar ocean views every morning with this absolute oceanfront Management Rights complex.
This six-level midrise building boasts 35 units within the complex offering predominantly two-bedroom, self-contained apartments, each with a private balcony. With 10 units in the letting pool, this beachfront Management Rights business can be managed by one person or as a duo, thanks to minimal caretaking requirements.
Guests can enjoy fantastic facilities, including a renovated pool and spa area, BBQ area, direct beach access, and secure underground parking.
As part of this Management Rights business, you will acquire a one-bedroom/one-bathroom manager's unit featuring a fantastic private outdoor entertainment area, plus the option of renting a two-bedroom/two-bathroom unit as an alternative for living arrangements.
With 6 lock up units and 3 outside agents plus additional income to undertake the garden maintenance there is the opportunity to grow the net profit even further.
Situated just meters away from an array of cafs, restaurants, and the Surf Club, this opportunity offers not just a business but an enviable beachfront lifestyle.
This Mermaid Beach gem is a must-see, call me today to discuss.
Net Profit: $170,598
More Information
- Total Purchase Price: $1,310,000
- Net Income: $ 170,598
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 545,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 4.5
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?