MERMAID BEACH QLD 4218
$798,000

DESCRIPTION

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 37 units. This is a very easily managed business with a large lifestyle component and offers an excellent opportunity.

Net profit: $74,500
Managers Apartment: $510,000
Management Rights: $315 000
Total Price: $825,000.