Merrimac, Queensland

PERMANENT MANAGEMENT RIGHTS GREAT FOR FIRST TIMERS

$900,000

Business Description

Fantastic permanent letting complex is well presented and features 46 Tuscan villa style townhouses.

With plenty of long term tenants, good salary and minimal office hours (5 hours per week) this is a perfect business for someone looking for an easy to manage complex.

- Good Salary

- Low multiplier

- Easy to manage by one person

- Popular complex

- Great central Gold Coast location

- Close to all amenities

Property Code: 42

Business Summary

Business Snapshot

Price: $900,000 Net Profit: $92,500 Remuneration / Body Corp Salary: $76,659

Managers Unit

Value of Managers Apartment: $550,000Bedrooms: 3Bathrooms: 2Car Spaces: 2Office: On TitlePets OK: Yes

Complex Information

Complex Type: PermanentTotal Units in Complex: 46Total Units in Letting Pool: 10Permanent Units: 10Owner Occupy Units: 31Outside Agent Units: 5Agreement Module: AccommodationAgreement Term Remaining: 17 yearsPool: YesBBQ Area: Yes

Marketing Agent

Craig Johnson

Scott Saunders

Premier Business Sales

Key Investment Insights

1. The complex is well presented and features 46 Tuscan villa style townhouses.
2. The complex has plenty of long term tenants, providing stability and consistent income.
3. The business has a good salary and minimal office hours, making it a perfect opportunity for someone looking for an easy to manage complex.
4. The complex is popular and has a great central Gold Coast location, making it attractive to potential tenants.
5. The multiplier for the business is low, making it a good value for the price.
6. The managers unit is valued at $550,000 and has 3 bedrooms, 2 bathrooms, and 2 car spaces.
7. The complex is a permanent type, with a total of 46 units and 10 units in the letting pool.
8. The agreement module is Accommodation and has a remaining term of 17 years.
9. The complex has amenities such as a pool and BBQ area.
10. The complex is pet-friendly, making it appealing to potential tenants with pets.

Management Rights Multiplier: 3.78
ROI Estimate: 26.43%