Merrimac, Queensland

Exclusive 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:

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. Exclusive caretaking-only management rights, agreement term 25 years with approximately 22 years remaining.
2. No requirement to live onsite, enabling flexible operating models or rental income from the manager’s unit.
3. Renovated 3 bedroom, 1 bathroom manager’s residence with large private courtyard, storage shed, air conditioning, ceiling fans, two car spaces and pets permitted with Body Corporate approval.
4. On-title spacious office that could be converted to a fourth bedroom, increasing residential rental potential.
5. Manager’s apartment valued at $755,000, included in the $1,100,000 asking price.
6. Net profit (Body Corporate salary only) $98,291, offering a clear current earnings benchmark.
7. Potential additional income circa $36,000 per annum if the manager’s unit is rented, plus further upside from repairs and maintenance revenue.
8. Complex of 48 units, 13 outside agent rentals present, providing clear growth opportunity for a licensee to convert those to in-house management.
9. Strong governance and financial position, supportive committee, no special levies forecast and sinking fund to cover planned works.
10. Convenient location, walkable to new Merrimac railway station opening 2026, close to the M1 and easy access to Robina Town Centre.
11. Onsite amenities include a pool, and nearby quality schools such as St Michaels College and All Saints, enhancing tenant appeal.
12. Operational flexibility with no set office hours, suited to first-time entrants or as a bolt-on for an existing operator.

Management Rights Multiplier: 3.51
ROI Estimate: 28.49%