Merrimac, Queensland

Exclusive - Caretaking Only Permanent Management Rights in Merrimac - 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:

Exclusive 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. Caretaking-only permanent management rights, no requirement to live onsite, offering operational flexibility.
2. Asking price $1,100,000 inclusive of manager’s real estate, net profit (body corporate salary) $98,291.
3. Manager’s renovated 3-bedroom residence on title valued at $755,000, large private courtyard, two car parks, pets permitted with approval.
4. Attached on-title office could be converted to a fourth bedroom, increasing rental or resale value.
5. 13 units currently managed by outside agents, providing clear upside for a licence-holder to capture additional management income.
6. Manager’s unit could generate an estimated $36,000 per annum in additional income if leased, enhancing total returns.
7. Long-term agreement structure, 25-year agreement with 22 years remaining, supplying income stability.
8. Complex totals 48 units, 34 owner-occupied, includes a pool, supportive committee, and no special levies forecast.
9. Sinking fund sufficient to cover planned works, reducing short-term capital call risk.
10. Location benefits include walking distance to the new Merrimac railway station opening 2026, close proximity to the M1 and easy access to Robina Town Centre.
11. Good quality nearby schools (St Michaels College, All Saints), supporting appeal to families and long-term occupants.
12. No set office hours, potential to earn additional revenue through repairs and maintenance work, suitable for first-time entrants or as a bolt-on to an existing operator.

Management Rights Multiplier: 3.51
ROI Estimate: 28.49%