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Mermaid Beach SPACIOUS HOME bring the kids and dog !
$450k MR&$1.2M Unit = Total $1.650M
Resort / Holiday Management Rights, MERMAID BEACH QLD
A rare opportunity in Mermaid Beach, this property offers a high-income business and a spacious 3-4 bedroom residence with an office. I deal for a big family. Can be run by one person.
The ground-floor residence features 3 - 4 bedrooms, 2 bathrooms, and a huge private outdoor patio font and back, With minor renovations, it can be split for rental income or adapted for student housing, elderly living, or a teenager retreat.
Secure parking with extra storage and big enough for Pool table and make a man cave
Boutique Complex & Unbeatable Lifestyle
The only facilities are a swimming pool and BBQ/communal areas
Minimal Gardening
Full and friendly handover with hands-on training and advice.
Just steps from Mermaid Beach and popular cafs, this property guarantees a fantastic lifestyle while attracting steady guests.
This well-maintained, easy-to-run resort is ready for new owners.
Key Features:
- Brand-new 25-year agreement
- Net income over $151K
- Renovated 3-5 bed, 3-bath residence
- Flexible office space & storage
- 2 car spaces & balconies
- No set office hoursmanage at your pace
**Ras360 Specialists in Motels | Hotels | Pubs | Parks | Management Rights **
More Information
- Total Purchase Price: $450k MR&$1.2M Unit = Total $1.650M
- Net Income: $ 151,081
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 1,200,000
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?