Absolute Beachfront Management Rights Mermaid Beach

$2,925,000

Resort / Holiday management rights, Mermaid Beach QLD

Hotel Resort Sales is pleased to present the rare opportunity to own the management rights to an ABSOLUTE BEACHFRONT holiday complex in the heart of Mermaid Beach, one of the Gold Coasts most sought-after locations.

Wake up to the sound of the ocean in this beachfront, easy-to-manage complex offering the perfect blend of lifestyle and income. The immaculate 2-bedroom, 2-bathroom managers apartment boasts stunning ocean views and is complemented by a spacious, separate air-conditioned office, with annual earnings exceeding $300,000.

Currently managed by a husband-and-wife team, the complex is immaculately maintained and features resort-style facilities including a heated pool, spa, BBQ area, and secure underground parking. A strong base of repeat guests and forward bookings ensures consistent income and high occupancy year-round.

With a healthy 23 years remaining on the agreement and the full support of a proactive and friendly body corporate, this is a secure and profitable business with minimal stress. Located in the vibrant Mermaid Beach precinct, you're surrounded by popular cafes, restaurants, and entertainment, with the beach quite literally at your doorstep. Whether you're looking for a sea change, semi-retirement, or an established coastal business, this management rights offering ticks all the boxes.

Key Features:
* Absolute beachfront location no roads to cross
* Long agreement term 23 years remaining
* Strong repeat clientele
* Resort-style facilities
* Beautifully presented managers apartment
* Supportive and proactive body corporate
* Prime position in Mermaid Beach close to cafes, bars& shops

Dont miss out on this exclusive beachfront lifestyle and business opportunity!

Net Profit: $313,780

Property Code: 109

More Information

Financial Overview

Total Purchase Price: $2,925,000
Net Income: $ 313,780 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 1,325,000
_{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: 15
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 3
_{Number of units resided in by their owners.}

Lock Ups: 6
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 3
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 28
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 70,631
_{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: 23 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 43 years
_{How long has the management rights existed.}

Office Hours: Mon-Fri 9am-5pm, Sat 9am-11am
_{Required Office Hours}

Complex Features: Heated Pool and Spa, BBQ Area, Secure Underground Parking

Real Estate Component

Manager's Unit: 2 2

Included Real Estate: $ 1,325,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 1

Office On Title: 1
_{Is there a manager's office included on the title?}

Pets: Yes
_{Can the manager own a pet on site?}

Unit Features: 2 Bedroom, 2 Bathroom ground floor beachfront unit, 1 car park