Merrimac, Queensland

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

$1,495,000

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 $70,164 + GST.

- Excellent foundation has been made by the present manager.

- All Permanent rentals with letting pool 16, outside agents 7.

- 25 year long-term agreement, with 21 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: $129,515
Total Asking Price: $1,495,000
(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: $1,495,000 Net Profit: $129,515 Remuneration / Body Corp Salary: $70,164Business Value: $545,000

Managers Unit

Value of Managers Apartment: $950,000Bedrooms: 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

AI generated. Confirm details with the seller.

1. High net profit of $129,515 relative to asking price $1,495,000, inclusive of the manager’s real estate.
2. Body corporate remuneration of $70,164 plus GST provides a stable salary component.
3. Long-term stability with a 25 year management agreement and 21 years remaining.
4. Low daily workload, averaging only 2 to 3 hours per day, enabling part-time or lifestyle ownership.
5. Simple caretaking role with minimal facilities and flexible, no set office hours.
6. Majority of work paid by body corporate, indicating reliable cashflow for operational tasks.
7. Letting structure comprises 16 units in the letting pool and 7 managed by outside agents, implying a steady rental management base.
8. Managers unit included and valued at $950,000, double storey 4 bedroom townhouse with 2 bathrooms plus extra toilet, dedicated office on title, air conditioning, large backyard and 4 car spaces.
9. Complex amenities include pool, spa, sauna, BBQ area and WiFi, supporting marketability to tenants and owners.
10. Pet friendly policy and peaceful, convenient Merrimac location enhance appeal to long-term tenants and owners.
11. Established foundation by current manager suggests smooth transition and potential for immediate income continuity.

Management Rights Multiplier: 4.21
ROI Estimate: 8.66%