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Million Dollar Ocean Views - Prime Beachfront Management Rights
$1,235,000
Resort / Holiday management rights, Mermaid Beach QLD
40K PRICE REDUCTION
Wake up to the sound of the surf and uninterrupted ocean views with this rare absolute beachfront management rights opportunity at Mermaid Beach. Perfectly positioned in one of the Gold Coasts most sought-after lifestyle locations, this business offers both solid returns and an enviable coastal lifestyle.
Property Features:
Seven-level mid-rise complex with 35 apartments
Majority are two-bedroom, fully self-contained units with private balconies
Absolute oceanfront position with breathtaking views
Just steps to local cafs, restaurants, and the popular Surf Club
Comfortable 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
* Low caretaking duties for a relaxed, stress-free operation
* Upside potential with additional income opportunities: 6 lock-up units / 5 units with outside agents
Guest Facilities:
* Recently renovated pool area
* BBQ facilities
* Direct beach access
* Secure underground parking
This is an exceptional Mermaid Beach lifestyle business combining strong income potential with the ultimate beachfront lifestyle. Opportunities like this are extremely rare and highly sought after.
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: $1,235,000
- Net Income: $ 146,146
(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: 4.0
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?