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: $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: YesThe 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
Key Investment Insights
Price: $1,100,000
Net Profit: $98,291 (*Body Corporate Salary only)
Remuneration / Body Corp Salary: $98,291
Value of Managers Apartment: $755,000
Bedrooms: 3
Bathrooms: 1
Car Spaces: 2
Office: On Title
Pets OK: Yes
Complex Type: Caretaker
Total Units in Complex: 48
Owner Occupy Units: 34
Outside Agent Units: 13
Manager Units: 1
Agreement Module: Accommodation
Agreement Term: 25 years
Agreement Term Remaining: 22 years
Pool: Yes
Management Rights Multiplier: 3.51
ROI Estimate: 28.49%
