WATERFRONT MERMAID WATERS RESIDENTIAL MANAGEMENT RIGHTSâ EXCELLENT ROI | Resort Brokers ID : MR008485

$1,450,000

Permanent Management Rights, MERMAID WATERS QLD

ResortBrokers presents a Management Rights opportunity in one of Australias top-tier holiday destinations, Mermaid Beach. This residential complex of 80 units, with 28 in the letting pool, offers operational flexibility and impressive Body Corporate Remuneration of $109k (plus GST), with long-term 22-year agreements ensuring stability.

With no requirement to reside onsite, the manager's two-bedroom, two-bathroom residence can be rented out generating a further $630+ per week in rental income. Further potential for growth exists via converting the 12 outside agents back into the letting pool.

Centrally located near popular amenities, this investment opportunityis a standout choice for investors looking to grow their portfolio, with waterfront units commanding premium rental returns of $650-690 per week.

- Impressive Body Corporate remuneration of approximately $109k (plus GST)
- Residential complex featuring 80 two-bedroom, one-bathroom units, with 28in the letting pool
- Waterfront units command premium rental returns of $650-$690 per week
- Long-term agreements in place with 22 years remaining
- Operational flexibility with no requirement for onsite residence or office hours
- Two-bedroom, one-bathroom waterfront manager's residence generating $630+ per week in rental income
- Potential for growth via converting 12 outside agents
- Centrally located near popular amentities including eateries, parksm, public transport and shopping precincts
- Inspections by appointment only
Date updated: 17 Nov 2024 22:00:04

More Information

Financial Overview

Total Purchase Price: $1,450,000
Net Income: $ 165,011 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 600,000
_{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: 28
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 40
_{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: 12
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 81
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 1,090,000
_{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: 22 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: Residential complex with 80 x 2-bed, 1-bath units, 28 in the letting pool Two pools&two BBQ areas + boat ramp Jetty in the complex to enjoy fishing and ample amount of grassed areas for kids to play. Boat ramp in complex with access to ocean Low maintenance resort style living with two swimming pools and lawns maintained by the onsite caretaker overlooking the beautiful Lake Intrepid with superb water views