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Wake Up to Million Dollar Ocean Views - Prime Beachfront Management Rights
$1,275,000
Permanent management rights, Mermaid Beach QLD
Live the Dream Absolute beachfront management rights at Mermaid Beach. Enjoy the luxury of waking up to sweeping ocean views every day with this rare opportunity in one of the Gold Coasts most desirable locations.
Property Features:
Seven level midrise complex with 35 apartments
Majority are two-bedroom, self-contained units with private balconies
Absolute oceanfront position offering million-dollar views
Located just steps from cafs, restaurants, and the Surf Club
Includes a one-bedroom, one-bathroom managers unit with private outdoor entertaining area
Business Highlights: 10 units in the letting pool easily managed by a single operator or couple
Minimal caretaking duties for low-stress operation
Potential additional income from:
* 6 lock-up units / 5 outside agent units * Current profit reflects only 7 units in pool, now 10 units
Guest Facilities:
Renovated pool area
BBQ area
Direct beach access
Secure underground parking
This exceptional prime Mermaid Beach location has strong lifestyle appeal with solid income potential. A business and beachfront lifestyle rolled into one. Don't miss out on this exceptional opportunity, this Mermaid Beach gem is a must-see, call me today to discuss.
Net Profit: $146,142
Property Code: 36
More Information
- Total Purchase Price: $1,275,000
- Net Income: $ 146,142
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 650,000
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 ...