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Flexible Mermaid Beach Management Rights - No Onsite Living Requirements
$1,890,000
Resort / Holiday management rights, Mermaid Beach QLD
Hotel Resort Sales presents an exclusive opportunity to secure a highly desirable management rights business located in the BroadbeachMermaid Beach precinct, with no requirement to live onsite. Offering outstanding flexibility and solid income, this business perfectly suits both newcomers to the industry or established operators looking to expand their portfolio.
Key Features:
* No Requirement to Live Onsite the current owners rent out the spacious 2-bedroom, 1-bathroom managers unit through the holiday letting pool, providing an additional income stream.
* No Set Office Hours enjoy freedom and lifestyle flexibility.
* Separate Office on Title includes a private bathroom for added convenience.
* Generous Body Corporate Salary over $125k, exceptional for a complex of this size.
* Easy-Care Grounds minimal maintenance required, ensuring efficient operations.
Situated in this very sought-after area, this well-maintained complex offers an even mix of holiday and permanent rentals, providing stable year-round returns. Guests and residents alike appreciate the unbeatable location, a short stroll to Pacific Fair, the beach, restaurants, cafs, The Star Casino, Gold Coast Convention Centre, and direct access to the G:link tram.
The managers unit comprises of 2 bedrooms, 1 bathroom, 1 car space, a modern, well-appointed unit currently used as part of the letting pool which achieves a high return over and above the net profit figure.
Business & Agreements:
* Long agreements with healthy years remaining.
* Highly supportive body corporate.
* Excellent systems and procedures in place.
With the current owners now preparing for retirement, this is a genuine opportunity to acquire a strong-performing management rights business with impressive profitability and lifestyle appeal. Perfect as a standalone investment or a strategic add-on to an existing management rights portfolio
Net Profit: $240,245
Property Code: 101
More Information
- Total Purchase Price: $1,890,000
- Net Income: $ 240,245
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 850,000
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?