Mermaid Beach, Gold Coast
Short Term Management Rights Complex
If you are seeking lifestyle, beachside living and a business with no requirement to live onsite, then this one has it all!
It is perfectly situated on the border of cosmopolitan Broadbeach and the exclusive enclave of Hedges Avenue – a superbly connected location, just 5 minutes’ walk to the sparkling blue ocean and surrounded by cafes, alfresco restaurants and shops.
This complex offers the opportunity to revert back to holiday with a steady and strong occupancy from repeat clientele due to its proximity to the Broadbeach dining and shopping precinct. Combined quality apartments and facilities, with minimal grounds to maintain, the complex is very easily run which once again lends itself as a wonderful add-on business or first foray into the industry.
Here are some of the more pertinent details…
| Multiplier: | 3.5 |
| Letting Pool: | 8 |
| Complex Total: | 30 |
| Agreement Term: | 25 |
| Remaining Term: | 18 |
| Office Hours: | 9am – 4.30pm Mon to Fri 9am – 12pm Sat (excl P/H) |
Duties and Highlights:
- Easily managed by 1 person – letting, caretaking, cleaning, pool & light gardening
- Low maintenance established tropical gardens
- Extremely positive and supportive Body Corporate Committee
- No requirement to live onsite
- Additional income potential from sales commissions, R&M and managers’ apartment rental
Broker:
Call Tracie Saks on 0412 200 422 to discuss and arrange an inspection of this excellent business opportunity!
