Experience the luxury of waking up to million-dollar ocean views every morning with this absolute oceanfront Management Rights complex.
This six-level midrise building boasts 35 units within the complex offering predominantly two-bedroom, self-contained apartments, each with a private balcony.
With 10 units in the letting pool, this beachfront Management Rights business can be managed by one person or as a duo, thanks to minimal caretaking requirements.
Guests can enjoy fantastic facilities, including a renovated pool and spa area, BBQ area, direct beach access, and secure underground parking.
As part of this Management Rights business, you will acquire a one-bedroom/one-bathroom manager's unit featuring a fantastic private outdoor entertainment area, plus the option of renting a two-bedroom/two-bathroom unit as an alternative for living arrangements.
With 6 lock up units and 3 outside agents plus additional income to undertake the garden maintenance there is the opportunity to grow the net profit even further.
Situated just meters away from an array of cafés, restaurants, and the Surf Club, this opportunity offers not just a business but an enviable beachfront lifestyle.
This Mermaid Beach gem is a must-see, call me today to discuss.
Net Profit: $170,598
Property Code: 37
