Merrimac, Queensland

Well Maintained Permanent Complex - ID 7964

$888,352

Business Description

Management Rights For Sale

- 46 townhouses with 10 in the permanent letting pool
- Well maintained complex
- Sought after area
- 3 bedroom, 2.5 bathroom manager's residence
- Office on title
- Accommodation Module agreement
- Pet permitted with Body Corporate approval
- Extra income available for those with handyman skills

Great central Gold Coast location, ideal for commuters and close to Robina Town Centre.

Net Profit: $98,000
Asking Price: $888,352
(Inclusive of manager's real estate)

For further information or to arrange an inspection of this Gold Coast Management Rights business for sale contact:

Management Rights Broker
Warren Oliver

Property Code: 487

Business Summary

Business Snapshot

Price: $888,352 Net Profit: $92,500 Remuneration / Body Corp Salary: $76,656

Managers Unit

Value of Managers Apartment: $650,000Bedrooms: 3Bathrooms: 2Car Spaces: 2Pets OK: Yes
Well presented 3 bedroom townhouse, 2.5 bathrooms, Garage and extra car space, Private courtyard

Complex Information

Complex Type: PermanentTotal Units in Complex: 46Total Units in Letting Pool: 10Owner Occupy Units: 31Outside Agent Units: 4Manager Units: 1Agreement Module: AccommodationAgreement Term: 20 yearsAgreement Term Remaining: 16 yearsPool: YesBBQ Area: Yes
Marketing Agent

Key Investment Insights

Key insights:

- 46 townhouses in total, with 10 currently in the permanent letting pool.
- The complex is well maintained and located in a sought-after area.
- The manager's residence is a 3 bedroom, 2.5 bathroom townhouse with an office on title.
- The complex operates under an Accommodation Module agreement.
- Pets are permitted with Body Corporate approval.
- There is potential for extra income for those with handyman skills.
- The location is central and convenient for commuters, and close to a major shopping center.
- The net profit for the business is $98,000.
- The asking price for the business, including the manager's real estate, is $888,352.
- The manager's apartment is valued at $650,000 and has 3 bedrooms, 2 bathrooms, and a garage with an extra car space.
- The complex is predominantly permanent, with 31 owner-occupied units and 4 units managed by outside agents.
- The agreement module is Accommodation with a remaining term of 16 years.
- The complex has a pool and BBQ area for residents to enjoy.

Management Rights Multiplier: 2.58
ROI Estimate: 38.81%

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