MERMAID BEACH QLD 4218
$825,000

DESCRIPTION

Mermaid Beach management rights located over two sites. Just two streets back from the beach. Beautifully presented fully renovated Two bedroom plus office, VERY SPACIOUS with floating timber floors spacious kitchen and stone bench-tops. A choice of three outdoor entertaining areas. Predominately light care taking with only 13 apartments out of 36 in the letting pool. This is a very easily managed business with a large lifestyle component. Excellent second income or ease into retirement. Netting over $74,000, Managers Apartment $510,000 Management Rights $315000 Total Price $825,000. Very quiet area and the current manages have a pretty good life with a nice steady income.

The current owners also look after the care-taking on another complex near them which adds to their bottom line by $7856 K a year which is NOT included in the figures.
Short stroll to Mermaid beach.