Merrimac, Queensland

Caretaking-Only Management Rights - ID 9188

$1,100,000

Business Description

Permanent Management Rights For Sale
No Requirement To Live Onsite

- 3 bed, 1 bath renovated manager's residence with large private courtyard

- Spacious office could be converted to 4th bedroom

- 13 rentals in the complex, potential upside for anyone with a licence

- Good quality schools nearby - St Michaels College, All Saints)

- Supportive committee

- No special levies forecast. Sinking fund will cover planned works

- Walk to new Merrimac railway station (opening 2026)

- Located close to the M1, easy access to Robina Town Centre

- No set office hours

- Potential to earn additional income through repairs & maintenance

Great opportunity for a first timer to the Management Rights industry, or perfect bolt-on for an existing operator. With no requirement to live onsite, the manager's unit could easily bring in $36,000 per annum in additional income.

Net Profit: $98,291 (*Body Corporate Salary only)
Asking Price: $1,100,000
(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
Gerard Dixon

Property Code: 981

Business Summary

Business Snapshot

Price: $1,100,000 Net Profit: $98,291 Remuneration / Body Corp Salary: $98,291

Managers Unit

Value of Managers Apartment: $755,000Bedrooms: 3Bathrooms: 1Car Spaces: 2Office: On TitlePets OK: Yes

The manager’s residence has been stylishly renovated and consists of 3 bedrooms and one bathroom. The large office (attached & on title) could be converted to a 4th bedroom. Spacious exterior yard is fully enclosed, featuring a courtyard and patio area. There is also a storage shed. Air conditioning and ceiling fans. Parking for 2 vehicles and a pet is permitted with Body Corporate approval.

Complex Information

Complex Type: CaretakerTotal Units in Complex: 48Owner Occupy Units: 34Outside Agent Units: 13Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 22 yearsPool: Yes

Marketing Agent

Gerard Dixon

MR Sales

Key Investment Insights

1. Asking price $1,100,000 inclusive of manager’s real estate, presenting a clear purchase figure.
2. Reported net profit / body corporate salary $98,291, providing a measurable earnings baseline.
3. Manager’s apartment valued at $755,000, renovated 3 bedroom unit with large private courtyard, two car spaces and storage.
4. Manager’s office is on title and convertible to a fourth bedroom, offering accommodation flexibility or rental upside.
5. No requirement to live onsite, with the manager’s unit capable of generating circa $36,000 per annum in additional income.
6. Caretaking only agreement, no residential letting obligations implied, with no set office hours for operational flexibility.
7. Long agreement term originally 25 years, 22 years remaining, supplying long‑dated contractual security.
8. Complex of 48 units with 13 units currently managed by outside agents, indicating potential growth in lettings revenue for a licensed operator.
9. Sinking fund expected to cover planned works and no special levies forecast, reducing imminent capital call risk.
10. Supportive committee and onsite pool, suggesting cooperative governance and amenity appeal.
11. Strong location benefits, near M1 for access to Robina Town Centre, within walking distance to new Merrimac railway station opening 2026, and close to quality schools such as St Michaels College and All Saints.
12. Opportunity to add revenue through repairs and maintenance work, suitable for first time buyers or as a bolt on for existing operators.

Management Rights Multiplier: 3.51
ROI Estimate: 28.49%