Merrimac, Queensland

Exclusive - Caretaking Only - No Licence Required - 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 exister operator. With no requirement to live onsite, the manager's unit could easily bring in $36,000 per annum in additional income.

Net Profit: $94,473 (*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:

Exclusive Management Rights Broker
Gerard Dixon

Property Code: 981

Business Summary

Business Snapshot

Price: $1,100,000 Net Profit: $94,473 Remuneration / Body Corp Salary: $94,473

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: 48Total Units in Letting Pool: 2Owner Occupy Units: 34Outside Agent Units: 11Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 22 yearsPool: Yes

Marketing Agent

Gerard Dixon

MR Sales

Key Investment Insights

1. The business is a permanent management rights opportunity, meaning the manager is responsible for the ongoing caretaking and management of the complex's facilities and common areas.

2. No licence is required to operate this business, making it an ideal opportunity for first-time management rights owners.

3. The manager's residence is a renovated 3 bedroom, 1 bathroom unit with a large private courtyard.

4. The spacious office space could potentially be converted into a 4th bedroom, providing additional living space for the manager's residence.

5. The complex currently has 13 rentals, with potential for growth for someone with a licence.

6. The location of the complex is close to good quality schools, such as St Michaels College and All Saints, making it an attractive option for families.

7. The committee of the complex is supportive, providing a positive working relationship for the manager.

8. There are no special levies forecasted for the complex, and the sinking fund is sufficient to cover planned works.

9. The complex is conveniently located near the M1 highway, providing easy access to the Robina Town Centre.

10. There are no set office hours for the manager, providing flexibility in managing the complex.

11. There is potential to earn additional income through repairs and maintenance services for the complex.

12. The manager's unit has the potential to bring in an additional $36,000 per annum in income.

13. The net profit for the business is $94,473, which is based on the body corporate salary only.

14. The asking price for the business is $1,100,000, which includes the manager's real estate.

15. This is a great opportunity for first-time management rights owners or as a bolt-on for an existing operator.

Management Rights Multiplier: 3.65
ROI Estimate: 27.38%