Merrimac, Queensland

Prime Management Rights Opportunity in Merrimac: 2.1X Multiplier in a Townhome Complex.

$300k MR & $745k Unit = Total $1.045M

Business Description

Ras360 is pleased to present the management rights to a prime residential complex located in Merrimac.
This complex comprises 75 units, offering a unique blend of financial stability and lifestyle appeal. This opportunity is ideal for both experienced managers and newcomers to the industry.

Key Features:
- BC Salary: Over $99,000
- Net Profit: Over $138,000
- Units in Letting Pool: 21
- External Agents: 6
- Owner Occupiers: 48
- Manager's Residence: Beautiful 2-bedroom townhouse

Body Corporate Salary: The management rights come with a lucrative body corporate salary of $99,865, ensuring a stable and predictable income stream.
Net Profit: With a net profit exceeding $138,671, this opportunity offers an excellent return on investment, making it highly attractive to potential buyers.
Living and Managing:

Manager’s Residence: The manager’s residence is a charming 2-bedroom townhouse, providing a comfortable and convenient living arrangement. The residence is well-maintained and features modern amenities, ensuring a high standard of living.

No Office Hours: The absence of office hours offers flexibility and allows for a better work-life balance, giving managers the freedom to manage their time effectively. This setup is ideal for those seeking a manageable workload without the constraints of fixed office hours.
Ease of Duties:

Simplified Management: The management duties are straightforward and require minimal intervention, making it an easy-to-manage complex. The well-established community and cooperative body corporate committee reduce the need for constant oversight, allowing for a more relaxed management experience.

Supportive Community: The friendly and supportive community further simplifies management responsibilities. With 48 owner-occupiers and a mix of long-term tenants, the day-to-day operations are smooth and hassle-free.

Low Maintenance: The complex's facilities, including the pool, BBQ area, and tennis court, are well-maintained and require minimal upkeep, ensuring that managers can focus on essential tasks without being overwhelmed by maintenance issues.
Community and Lifestyle:

Owner Occupiers and Tenants: The complex comprises 48 owner-occupiers and 21 units in the letting pool, with 6 units managed by external agents. This diverse mix of residents contributes to a vibrant and friendly community atmosphere.

Complex Facilities: Features a range of amenities including a sun-drenched in-ground pool, BBQ facilities, an enclosed tennis court, and access to parkland next door, which is great for pets and kids to play.

Location: Merrimac is a sought-after suburb known for its family-friendly environment, excellent schools such as St Michael's College and All Saints Anglican School, and proximity to shopping centres like Robina Town Centre, parks, and public transport. The complex is ideally situated to take advantage of all the amenities and conveniences the area has to offer.

Why Invest?

- Strong Financials: The management rights offer a robust financial performance with a high net profit and attractive body corporate salary.
- Lifestyle Opportunity: Enjoy the benefits of living in a beautiful townhouse with no office hours and the flexibility to manage your time.
- Community Appeal: Be part of a well-established, friendly community in a prime location.
- Ease of Management: The straightforward duties and supportive community make this an ideal opportunity for those seeking a balanced lifestyle with a steady income.

For more information or to arrange an inspection, please contact Paul Mueller at Ras360. We are here to assist you with any questions and guide you through the purchasing process.

**Ras360 | Management Rights, Hotels, Motels, Pubs, Parks **

Business Summary