MERMAID MR - EXCELLENT ROI - RUN REMOTELY+ $36K EXTRA RENTAL INCOME | Resort Brokers ID : MR008878

$1,540,000

Permanent Management Rights, MERMAID WATERS QLD

Lifestyle flexibility, this profitable management rights in the popular Gold Coast suburb of Mermaid Waters has it in abundance!

With no requirement to reside, no set office hours this fantastic business can be run remotely, while the waterfront managers residence can be rented out for approximately $650 per week, adding a further $36,000+ p.a. extra rental income to the solid $172k+ Net Profit.

The secure, gated residential complex comprises 80 units, 27 units are included in the letting pool, with 15 managed by external agents, presenting asignificant opportunity for growth and increased management income.

This low-demand property requires just a few hours of daily attention, whether you're an experienced investor, an aspiring manager looking to expand your portfolio, or a semi-retiree, this complex provides solid rental income, roomfor growth, and the allure of waterfront living a rare and lucrative combination with operational flexibility.

- Operational flexibility,can be run remotely - no requirement to reside, no office hours
- Impressive body corporate remuneration of approximately $109k (plus GST)
- Waterfront manager's residence generating an extra $36k rental income p.a.
- Residential complex featuring 80 two-bedroom, one-bathroom units, with 27 in the letting pool
- Waterfront units command premium rental returns of $650-$750 per week
- Long-term agreements in place with 21 years remaining
- Potential for growth via converting 15 outside agents
- Located near popular amentities - eateries, parks, public transport and shopping precincts
- Inspections by appointment only
Date updated: 06 Sep 2025 23:00:01

More Information

Financial Overview

Total Purchase Price: $1,540,000
Net Income: $ 172,892 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 780,000
_{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.}

Letting Business

Letting Pool: 27
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 37
_{Number of units resided in by their owners.}

Lock Ups: 0
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 15
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 80
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 109,295
_{This is the body corporate caretaker salary. It is included in the Net Income above.}

Agreement Term: 25 years
_{How long is the caretaking contract.}

Agreement Remaining: 21 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 0 years
_{How long has the management rights existed.}

Office Hours: No Set Office Hours
_{Required Office Hours}

Complex Features: Residential complex with 80 x 2-bed, 1-bath units, 28 in the letting pool Two pools&two BBQ areas + boat ramp Jetty in the complex to enjoy fishing and ample amount of grassed areas for kids to play. Boat ramp in complex with access to ocean Low maintenance resort style living with two swimming pools and lawns maintained by the onsite caretaker overlooking the beautiful Lake Intrepid with superb water views