Boutique Complex in Mermaid Beach!!
$1,170,000
Resort / Holiday management rights, Mermaid Beach QLD
This boutique 3 storey complex is full of huge benefits to provide the new owners with not only a spacious 2 Bedroom apartment but also a great lifestyle.
Situated within walking distance of Pacific Fair Shopping Centre, The Casino, The Convention Centre, and Broadbeach with some of the best dining on the Gold Coast. Approximately 200m from a patrolled Beach and no need to cross busy main roads. Enjoy the lifestyle of breakfast or lunch at nearby restaurants, or take a leisurely stroll north along the golden sand to Broadbeach or South to Nobby's Beach. Images might not depict this complex.
A cosy 2 bedroom, 2 bathroom managers apartment with an adjoining office on title. This lifestyle apartment is very well appointed with many features including a big private courtyard, renovated modern kitchen, secure underground carpark and extra storage. A good relationship exists with the BC/Committee. Priced to sell and a very low multiplier for this area!!
To arrange an inspection please call: Gavin - 08854 or email:
Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.
More Information
- Total Purchase Price: $1,170,000
- Net Income: $ 127,400
()
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 690,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 3.8
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?