Merrimac, Queensland

Well Maintained Permanent Complex - ID 7964

$920,000

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: $94,076
Asking Price: $920,000
(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: $920,000 Net Profit: $94,076 Remuneration / Body Corp Salary: $89,870

Managers Unit

Value of Managers Apartment: $550,000Bedrooms: 2
A convenient and inviting living space for the onsite manager.

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: 14 yearsPool: YesBBQ Area: Yes
Marketing Agent

Key Investment Insights

1. The complex has 46 townhouses, with 10 of them in the permanent letting pool.
2. The complex is well maintained, indicating a good level of care and attention from the current managers.
3. The area is sought after, which may indicate a high demand for rental properties in the area.
4. The manager's residence is a 3 bedroom, 2.5 bathroom property, providing comfortable living quarters for the managers.
5. The office is included in the sale and is on title, making it a convenient and accessible workspace for the managers.
6. The complex operates under an Accommodation Module agreement, which may offer flexibility and potential for growth.
7. Pets are permitted with Body Corporate approval, potentially attracting a wider range of tenants.
8. There is extra income available for those with handyman skills, providing potential for additional income streams.
9. The location is ideal for commuters and close to a popular shopping centre, making it a convenient and desirable location for tenants.
10. The net profit for the complex is $94,076, indicating a profitable business.
11. The asking price for the complex is $920,000, which includes the manager's real estate.
12. The complex is listed for sale by Warren Oliver, a Management Rights Broker.
13. The complex has a designated managers unit, providing separate and private living quarters for the managers.
14. The complex operates under an Accommodation Module agreement, which may offer flexibility and potential for growth.
15. The complex has a designated office space, providing a convenient and accessible workspace for the managers.

Management Rights Multiplier: 3.93
ROI Estimate: 25.43%

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