3/37 Albatross AvenueMermaid Beach QLD 4218
Property Details for 3/37 Albatross Ave, Mermaid Beach
3/37 Albatross Ave, Mermaid Beach is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 1982. The property has a land size of 403m2 and floor size of 95m2. While the property is not currently for sale or for rent, it was last sold in August 2017.
Last Listing description (November 2010)
Business for Sale Management Rights Position Position Location, with Vendor meeting the Market (20% return on Business)
You could not work/live closer to the Beach. Close to Pacific Fair Shopping Centre & the Casino. Building offer both views of the ocean & the hills. The profit will be able to be improved in better times while living on the beach in this magic apartment with ocean views
20 units in the Letting Pool only 1 permanent Lock Up: 5 1 Outside agent
Number & Type In Letting Pool
20 X 2 Bdrm. Apartments Self-contained 2 with Air Conditioning
Managers Unit Size: 2 Bedroom Storage: Yes
Office Reception: Exclusive use
Office Software: Hirum
Office Computer: Yes
Accommodation Module 25 years with 20 years left
Office Hours: 8.30-5 pm Mon-Fri 9-12 noon Sat and Sun
Managers Unit Description:
Lovely 2 bedroom 2 bathroom & air conditioned apartment literally on the beach
Facilities
Pool : Yes
Spa: Yes
Gym: No
Tennis Court: No
Sauna: No
Foxtel: Yes
Cable Installed: Yes
Pets Allowed: No
Barbeque Area: Yes
Body Corporate Salary: $38,644 Anniversary Of Body Corporate Salary: May
Body Corporate Salary Review: CPI
Net Profit: ------ ----------------------$200,000
Managers Unit Price: ---------------$750,000
Management Rights Price: ---------$1,000,000
Total Price: ------- --------------------$1,750,000
Facilities on Beach front, secured parking under
Call Listing Agent David Manson Now 0412 707 173 0412 707 173 or email davidm@raas.com.au
To obtain full particulars click on the ''Documents next to the pictures above'' A Management Rights business comprises a contractual agreement with the Body Corporate of a multi-unit complex to supply certain services in exchange for an annually adjusted fee. Additionally the purchase price includes the right to earn commission and services income by letting out and managing the units of individual owners in the complex.
Most importantly, the quoted price also includes title to the designated Managers Unit in the building, thus providing you not only with an income, but also a home!
Listing Agent David Manson Now 0412 707 173 0412 707 173 or email davidm@raas.com.au
Property History for 3/37 Albatross Ave, Mermaid Beach, QLD 4218
- 16 Aug 2017Sold for $650,000
- 01 Apr 2011Sold for $480,000
- 28 Jul 2010Listed for Sale 1750000
Recent sales nearby
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About Mermaid Beach 4218
The size of Mermaid Beach is approximately 1.5 square kilometres. There are 5 parks, covering nearly 2.0% of the total area. The population of Mermaid Beach in 2016 was 6533 people. By 2021 the population was 7329 showing a population growth of 12.2% in the area during that time. The predominant age group in Mermaid Beach is 20-29 years. Households in Mermaid Beach are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mermaid Beach work in a professional occupation.In 2021, 50.80% of the homes in Mermaid Beach were owner-occupied compared with 43.50% in 2016.
Mermaid Beach has 5,881 properties. Over the last 5 years, Houses in Mermaid Beach have seen a 53.89% increase in median value, while Units have seen a 79.61% increase. As at 30 June 2026:
- The median value for Houses in Mermaid Beach is $3,031,364 while the median value for Units is $1,139,868.
- Houses have a median rent of $1,400 while Units have a median rent of $830.
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