Proudly supported by all of the industry's leading brokers
RARE DUAL BUSINESS ONLY PERMANENT MLR'S - MERMAID & BROADBEACH - $237K NET PROFIT - 18.2% ROI
$1,291,500
Permanent management rights, Broadbeach QLD
An exceptional opportunity to secure two business-only management rights on the Gold Coast: Spice Apartments in Broadbeach and Otto Apartments in Mermaid Beach.
Together, these neighbouring businesses generate a combined net profit of $237,207 p.a. with an attractive 18.2% ROI and no real estate to purchase just the business, at a sharp 5.5 multiplier.
Key Highlights:
Recently topped up 25 & 19 year accommodation module agreements in place with annual CPI
Combined remuneration of $182K+
Currently run seamlessly by the equivalent of 1.5 full-time people across both complexes
No set office hoursideal for a flexible lifestyle or semi-retirement
Combined letting pool of 21 apartments plus one external let, with further growth potential from 43 apartments currently managed by outside agents
Prime central locations and proximity to transport, shops & beach enhance tenant appeal and occupancy
Situated in the heart of the coastal lifestyle strip, Broadbeach and Mermaid Beach are among the Gold Coasts most desirable suburbsminutes from cafes, beaches, Pacific Fair, The Star Casino, and the light rail. These well-maintained buildings offer a stable income and a low-maintenance caretaking model.
This is a rare business-only bundle in a tightly held areaperfect for a solo operator, couple, or add-on to an existing MLR portfolio.
Price: $1,291,500 Business Only
Net Profit: $237K p.a. (combined)
ROI: 18.2%
More Information
- Total Purchase Price: $1,291,500
- Net Income: $ 237,707
(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