Merrimac, Queensland

4 BEDROOM PERMANENT/good salary

$888,352

Business Description

Run by one person. Very easy to run. Located in popular rental area. This is a very secure MR. Very stable and a good one for a "first timer". No OFFICE HOURS Lovely setting, the Managers Townhouse is spacious and great outdoor area. The garage has been closed in for a 4th bedroom but can be converted back. A nice tidy income with a good BC salary. Will get top up back to 20 years!!!
Absolutely gorgeous setting and so quiet. Close to the M1 for easy access and close to Robina Shopping, restaurants, gyms literally everything, you have beautiful Mudgeeraba with their great restaurants, a 2 minute drive. Can live off site with a nominee in Townhouse. 15 years left on agreement (can get top up good BC salary just went up again to over 82K. Bring the dog :-)
Call Kerrie Lush ----------

Business Summary

Business Snapshot

Price: $888,352 Net Profit: $98,048 Remuneration / Body Corp Salary: $82,671

Managers Unit

Bedrooms: 3Bathrooms: 2

Complex Information

Complex Type: PermanentTotal Units in Complex: 46Total Units in Letting Pool: 9Holiday Units: 9Outside Agent Units: 2Agreement Term: 25 yearsAgreement Term Remaining: 15 years

Marketing Agent

Kerrie Lush

Robert Collins

RAAS Property Group

Key Investment Insights

1. The business is a 4 bedroom permanent management rights business.
2. It is run by one person and is very easy to run.
3. The location is in a popular rental area, making it a secure business.
4. It is a good opportunity for a first-time buyer.
5. There are no office hours required for this business.
6. The Manager's Townhouse is spacious with a great outdoor area.
7. The garage has been converted into a 4th bedroom but can be converted back.
8. The income is tidy and includes a good Body Corporate salary.
9. The agreement has 15 years remaining but can be topped up to 20 years.
10. The setting is gorgeous and quiet, with easy access to the M1 and nearby amenities.
11. The business allows for off-site living with a nominee in the Townhouse.
12. The Body Corporate salary has recently increased to over $82,000.
13. Pets are allowed in the complex.
14. The Manager's Unit has 3 bedrooms and 2 bathrooms.
15. The complex is a permanent type with 46 units in total.
16. There are 9 units in the letting pool and 9 holiday units.
17. There are 2 outside agent units.
18. The agreement term is 25 years.
19. The complex is well-maintained and has a good reputation.
20. The business is listed for sale at $888,352 with a net profit of $98,048.