Mermaid Waters
$1,540,000
2
1
1
Management Rights
- Permanent Complex Type
- 27 Letting Pool
- $109,295 Remuneration
- $172,925 Net Profit
- $780,000 Manager's Unit
- BBQ, Pets Allowed, Pool Features
Property Description
WATERFRONT LIVING OR LIVE OFF SITE
This business presents an excellent opportunity for buyers seeking both lifestyle and potential. Embrace the best of Mermaid Waters, combining tranquillity with being just minutes from Mermaid Beach, Pacific Fair Shopping Centre, trendy cafes, restaurants, and transport links. This Gold Coast Management Rights business is set within a secure, residential townhouse community designed with family-friendly living in mind. A Body Corporate salary of $109,000 p.a. increasing yearly by CPI, provides for a stable income stream against a total Net Profit of $172,000. There is potential to secure up to an additional fifteen townhouses, presently onsite but managed by external agents, and add them to your letting pool. A cooperative committee is backed up by 21 years remaining on Management Agreements. The accompanying real estate component consists of an affordable, renovated, waterfront, 2-bedroom manager's townhouse situated on one of the best canals in prestigious Mermaid Waters. Currently rented at over $36,000 p.a. which is not included in the total net profit. The manager' office, held under Occupation Authority, is separate to the manager's residence, which would be advantageous whether you live onsite or offsite. No specific office hours are mandated in the management agreements providing for even further flexibility. The choice is yours as to whether you continue to rent the property or live onsite with both options providing for an attractive work-life balance. Offering a unique foundation to build your wealth, invest with confidence in this business. It is a must to inspect!
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