Mermaid Beach
$1,543,000
2
2
1
Management Rights
- Permanent Complex Type
- 11 Letting Pool
- $164,119 Remuneration
- $196,336 Net Profit
- $1,150,000 Manager's Unit
- BBQ, Pets Allowed, Pool Features
Property Description
BUSINESS MULTIPLE OF 2! | MERMAID BEACH
Acquire a low-stress, residential, Gold Coast Management Rights business in the heart of Mermaid Beach. Combining a spacious, renovated manager's residence, a very manageable workload, and a stable financial return, this business is ideal for those seeking lifestyle, financial security and growth upside. Resort-style Living: A quiet, private, gated community, just minutes from the beach. Amenities include lagoon-style pool, Spa and BBQ pavilion. All in a lovely tropical garden setting. Manager's Residence: Spacious 228m², renovated, semi-detached townhouse. Two bedrooms, two bathrooms, garage, private front and rear courtyards. An impressive and spacious attached office on title, plus reception area. Financial Highlights: Guaranteed income base with over 80% of total net income derived from Body Corporate remuneration, currently $164,000 plus GST, with generous annual increases of the lesser of 5% or CPI. The on-site letting pool is comprised of long-term residential tenancies only and easily managed. Growth Upside: Currently 16 onsite units are leased by external agencies which presents an excellent opportunity to bring these into the businesses letting pool. Furthermore, repair and maintenance income has been excluded from the financial statement, providing immediate upside for operators wishing to take on a hands-on approach. Location, Location: Stroll to the Light Rail Station, 5-minutes to the pristine shores of Mermaid Beach. And only a 10-minute walk to Pacific Fair Shopping Centre, vibrant cafes, and local amenities. The Opportunity: Living in the spacious manager's townhouse within the heart of the Gold Coast. Combined with a business netting $196,000 p.a. Is this the opportunity you have been looking for? Please contact Bobo Qi today.
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