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: 10Owner Occupy Units: 31Outside Agent Units: 5Agreement Module: AccommodationAgreement Term Remaining: 17 yearsPool: YesBBQ Area: Yes
Marketing Agent
Scott Saunders
Scott Saunders

Premier Business Sales

Premier Business Sales

Key Investment Insights

1. Well presented complex with 46 Tuscan villa style townhouses.
2. Majority of long term tenants, providing stability and consistent income.
3. Low office hours (5 hours per week) making it an easy to manage complex.
4. Good salary and low multiplier, providing a strong return on investment.
5. Popular complex in a great central Gold Coast location.
6. Close to all amenities, making it attractive to potential tenants.
7. Manager's unit valued at $550,000 with 3 bedrooms, 2 bathrooms, and 2 car spaces.
8. Pets allowed in the manager's unit.
9. Complex type is permanent, providing a stable and consistent income.
10. Total of 46 units in the complex, with 10 in the letting pool and 31 owner-occupied.
11. Agreement module is accommodation with 17 years remaining.
12. Complex features a pool and BBQ area for residents to enjoy.

Management Rights Multiplier: 3.78
ROI Estimate: 26.43%

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