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Mermaid Waters QLD 4218

Mermaid Waters QLD 4218

  • Hotel, Motel, Pub & Leisure
  • For Sale, $1,450,000

WATERFRONT MERMAID WATERS RESIDENTIAL MANAGEMENT RIGHTS EXCELLENT ROI | Resort Brokers ID : MR008485

    ResortBrokers presents a Management Rights opportunity in one of Australia's top-tier holiday destinations, Mermaid Beach. This residential complex of 80 units, with 28 in the letting pool, offers operational flexibility and impressive Body Corporate Remuneration of $109k (plus GST), with long-term 22-year agreements ensuring stability.

    With no requirement to reside onsite, the manager's two-bedroom, two-bathroom residence can be rented out generating a further $630+ per week in rental income. Further potential for growth exists via converting the 12 outside agents back into the letting pool.

    Centrally located near popular amenities, this investment opportunity is a standout choice for investors looking to grow their portfolio, with waterfront units commanding premium rental returns of $650-690 per week.

    - Impressive Body Corporate remuneration of approximately $109k (plus GST)
    - Residential complex featuring 80 two-bedroom, one-bathroom units, with 28 in the letting pool
    - Waterfront units command premium rental returns of $650-$690 per week
    - Long-term agreements in place with 22 years remaining
    - Operational flexibility with no requirement for onsite residence or office hours
    - Two-bedroom, one-bathroom waterfront manager's residence generating $630+ per week in rental income
    - Potential for growth via converting 12 outside agents
    - Centrally located near popular amentities including eateries, parksm, public transport and shopping precincts
    - Inspections by appointment only

    ResortBrokers®
    ResortBrokers®
    362 Montague Rd
    West End, QLD 4101

    Property Highlights

    Floor AreaAsk Agent
    Land AreaAsk Agent
    ParkingAsk Agent
    Annual ReturnAsk Agent
    AvailabilityTenanted
    Property ID2019561071
    Category
    Last updated  14 Oct 2024
    Map for Mermaid Waters QLD 4218
    ResortBrokers®
    ResortBrokers®
    362 Montague Rd
    West End, QLD 4101

    Property Highlights

    Floor AreaAsk Agent
    Land AreaAsk Agent
    ParkingAsk Agent
    Annual ReturnAsk Agent
    AvailabilityTenanted
    Property ID2019561071
    Category
    Last updated  14 Oct 2024

    Listed by

    More about Mermaid Waters QLD 4218

    Mermaid Waters QLD 4218 is categorized as Hotel, Motel, Pub & Leisure Property. The listing ID for this property is 2019561071.

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