Management Rights - Mermaid Beach, QLD

Mermaid Beach, QLD

$798,000

Property Description

Two Wonderful Mermaid Beach Complexes in One! PRICE REDUCED!

Management rights for two sites in beautiful Mermaid Beach just a block and a half from the ocean. The manager's unit is very spacious, beautifully presented, fully renovated with two large bedrooms plus office. A modern kitchen with stone bench-tops looks over the open plan living and dining areas. It is one of the best maintained and comfortable manager's units on offer.

There are 13 units in the letting pool out of the total 36 units. This is a very easily managed business with a large lifestyle component and offers an excellent opportunity.

A huge bonus to this business is the care taking of a third building which generates $7,000 over and above the net profit figure.

Net profit: $74,500
Managers Apartment: $505,000
Management Rights: $293,000
Total Price: $798,000
Financial Overview

Body Corp Salary:
55,000
Anniversary Of Body Corporate Salary:
Body Corporate Salary Review:
CPI
Net Profit:
$74,500
Manager's Unit Price:
$505,000
Management Rights Price:
$293,000
Letting Business

Est. Year Built: 1988
Total Units In Complex: N/A


Inside Letting Pool

Permanent: 13
Holiday: 0
Corporate: 0
Total: 13

Outside Letting Pool

Lock Up: 0
Outside Agents: 3
Self Managed: 1
Owner Occpd: 19
Total: 23

Number & Type In Letting Pool
Number Type Features
8 2 Bed Unit various
5 1 Bed Unit Various
0 Bed
Tariffs

Booking Type Details
Permanent 1 bedrooms : $280+ 2 bedrooms : up to $460
Corporate
Holiday
Manager's Unit & Office

Manager's Unit Size: 2 Bedrooms , 2 Bathroom
Office Reception: On Title
Office Software: Puma
Office Hours: No set office hours
Storage: Exclusive use work shop.
Office Computer: Lap Top
Module: Accommodation
Agreement Term: 25
Years To Run: 17
Manager's Unit Description: Spacious attractive, refurbished apartment with new kitchen, timber floors and three outdoor entertaining areas. Office on title. Master bedroom with ensuite, walk in robe and generous private patio. Two car security parking and large work shop exclusive

Facilities

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

Other Facilities: Short stroll to Mermaid beach

Property Agent

Jonathan Shorter

Jonathan Shorter

Phone: 0405 537 600
Office: 1300 282 370

Email Listing Agent

Copyrights © 2017 All Rights Reserved by Raas Group. Privacy