Merrimac, Queensland

High Net Income Permanent Management Rights for Sale in Merrimac - ID 8997

$1,451,000

Business Description

4 Beds Modern Townhouse & Easy Income
Permanent Management Rights For Sale

- Only 2 to 3 hours work per day on average.

- Very simple caretaking job; minimal facilities.

- No set office hours, flexible at your own pace.

- Lots of work paid by body corporate.

- Body corporate salary $67,011 + GST.

- Excellent foundation has been made by the present manager.

- All Permanent rentals with letting pool 18, outside agents 7.

- 25 year long-term agreement, with 22 years remaining.

- Double story modern townhouse with 4 bedrooms, 2 bathrooms, plus 1 more toilet, 2 car accommodation, airconditioning, large backyard.

- Separate office attached.

- Pet friendly

- Peaceful environment and convenient location.

If you want quality spacious living and simple flexible work with good income at home, or 2nd part-time good income, this is the opportunity you can’t afford to miss.

Net Profit: $139,285
Total Asking Price: $1,451,000
(Inclusive of manager's real estate)

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

Management Rights Broker
Bill He

Property Code: 880

Business Summary

Business Snapshot

Price: $1,451,000 Net Profit: $139,285 Remuneration / Body Corp Salary: $67,011

Managers Unit

Value of Managers Apartment: $850,000Bedrooms: 4Bathrooms: 2Car Spaces: 4Office: On TitlePets OK: Yes

Complex Information

Complex Type: n/aPool: YesSpa: YesSauna: YesBBQ Area: YesWIFI: Yes

Marketing Agent

Bill He

MR Sales

Key Investment Insights

1. High net profit of $139,285, indicating strong cashflow relative to asking price.
2. Total asking price $1,451,000, sale inclusive of the manager’s real estate valued at $850,000.
3. Recurring body corporate salary $67,011 plus GST, providing guaranteed remuneration.
4. Long-term stability from a 25-year agreement with 22 years remaining.
5. Low average workload, only 2 to 3 hours per day, with very simple caretaking and minimal facilities.
6. Flexible work arrangements, no set office hours and ability to operate at own pace.
7. Established operational foundation created by the present manager, reducing transition risk.
8. Rental mix heavily permanent, with 18 in the letting pool and 7 managed by outside agents, suggesting steady occupancy and management income.
9. Managers unit is a modern double-storey townhouse with 4 bedrooms, 2 bathrooms plus an extra toilet, on-title office, pet friendly, and generous parking.
10. Complex amenity package includes pool, spa, sauna, BBQ area and WiFi, enhancing resident appeal and letting potential.
11. Separate office attached and on-title, facilitating onsite management and administrative convenience.
12. Location in Merrimac on the Gold Coast described as peaceful and convenient, supporting lifestyle appeal for an owner-manager.

Management Rights Multiplier: 4.31
ROI Estimate: 23.18%