Management Rights - Mermaid Beach, QLD

Mermaid Beach, QLD

$1,590,000

Property Description

Management Rights with Holiday and Permanent Lettings in the Heart of Mermaid Beach!

This complex is a great family resort with tropical gardens and a huge lagoon style swimming pool. It is a three story walk-up with a combination of apartments, townhouses and villas.

There are a total of 70 units with 24 in the letting pool creating a net profit of $215,000 including a body corporate salary of $119,000.

It has an impressive reception area attached to a spacious manager's unit with 2 bedrooms and 2 bathrooms.

This is a very popular family resort!

Financials:
BC Salary: $119,585
Net Profit: $214,613
Unit Price: $540,000
Business Price: $1,050,000
Total Price: $1,590,000
Financial Overview

Body Corp Salary:
119585
Anniversary Of Body Corporate Salary:
Body Corporate Salary Review:
CPI
Net Profit:
$214,613
Manager's Unit Price:
$540,000
Management Rights Price:
$1,050,000
Letting Business

Est. Year Built: 1992
Total Units In Complex: 70


Inside Letting Pool

Permanent: 14
Holiday: 10
Corporate: 0
Total: 24

Outside Letting Pool

Lock Up: 0
Outside Agents: 10
Self Managed: 0
Owner Occpd: 36
Total: 46

Number & Type In Letting Pool
Number Type Features
3 1 Bed
20 2 Bed
1 3 Bed
Tariffs

Booking Type Details
Permanent
Corporate
Holiday
Manager's Unit & Office

Manager's Unit Size: 2 Bedrooms
Office Reception: On Title
Office Software: EzyRes
Office Hours: 8.30am - 5.00pm Mon to Fri. 9.00am - 12.00pm Sat & Sun
Storage: Ample
Office Computer:
Module: Accommodation
Agreement Term: 25
Years To Run: 12
Manager's Unit Description: Very large and spacious townhouse, modern kitchen, open plan living downstairs with 2 bedroom en-suite upstairs with walk-in robes.

Facilities

Pool: Yes
Spa: Yes
Gym: No
Tennis Court: No
Sauna: No
Foxtel: Yes
Cable Installed: Yes
Pets Allowed: Yes
Barbeque Area: Yes
Wireless: Yes

Other Facilities: Location--location--location

Ability to change from holiday to permanent

Covered outdoor entertainment area

Secure parking for guests

Property Agent

Jonathan Shorter

Jonathan Shorter

Phone: 0405 537 600
Office: 1300 282 370

Email Listing Agent

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