Mermaid Beach Business Only Permanent Management Rights | Resort Brokers ID : MRB008471

$929,000

Permanent Management Rights, MERMAID BEACH QLD

ResortBrokers presents a genuine business-only management rights opportunity, offered to the market for the first time, the Ventura Residences, enviably located in the coveted Mermaid Beach suburb, a mere 250 meters from the surf and sand.

The boutique collection of 47 luxury north-facing apartments, offering skyline and ocean views, consists of 37 owner occupiers and 10 full-time permanent apartments in the letting pool.

With 24-year Caretaking&Letting Agreements, this investment offers a net profit of approximately $143k and a Body Corporate Salary of $87k with annual renewal.

A superb addition for a local operator to grow their business portfolio or a great place to start your management rights journey, with flexible management hours, no unit to purchase, and no onsite living requirement.

- Prime beachside location in a sought-after suburb, 250m off the sand
- Opulent amenities including a rooftop pool, lounge, and terrace
- A superb addition for a local operator's business portfolio
- Stable income stream, Net Profit circa $143k, $87k BC Salary indexed to CPI
- A business-only model with flexible management hours and no onsite living requirement
- 15-year caretaking& letting agreements
- 47-unit complex with a mix of permanent lets and owner-occupiers
- A boutique collection of luxury north-facing, skyline, and ocean view apartments
- Inspection by appointment only
Date updated: 22 Jan 2025 22:00:01

More Information

Financial Overview

Total Purchase Price: $929,000
Net Income: $ 140,609 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 0
_{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: 10
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 37
_{Number of units resided in by their owners.}

Lock Ups: 0
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 0
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 47
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 87,480
_{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: 24 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 0 years
_{How long has the management rights existed.}

Office Hours: No Set Office Hours
_{Required Office Hours}

Complex Features: Enjoy exclusive, secure access to the opulent Residentâs Recreation Terrace and Lounge located on Level 5, complete with: Ocean and city skyline views, BBQ and entertaining area, Zen garden, Gym, Pool and Sun deck.