Merrimac, Queensland

Central Gold Coast Quality Lifestyle!!

$2,250,000

Business Description

This tightly held complex is centrally located allowing for lifestyle, privacy and convenience.

Conveniently positioned and within close proximity to the local shops, Worongary Shopping Centre, parks, transport, 24 hr Service Station, The old German Club, Mikes Kitchen, McDonald's Restaurant, All Saints & St Michael's Schools, Medical Centre, Merrimac Tavern, Merrimac State School, Child Care and much more.

The managers modern two-level townhouse comprises 3-bedrooms, 2.5-bathrooms, fully functional and equipped kitchen, spacious living areas, an on-title office with a separate entrance. In addition, a double garage with a large courtyard.

Long term agreements, no set hours, stable salary, secure parking, easily managed complex and ideally positioned.

To arrange an inspection call: Gavin

Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.

Business Summary

Business Snapshot

Price: $2,250,000 Net Profit: $275,000 Remuneration / Body Corp Salary: $126,100

Managers Unit

Value of Managers Apartment: $900,000Bedrooms: 3Bathrooms: 2Car Spaces: 2Office: On Title

Complex Information

Complex Type: PermanentTotal Units in Complex: 75Total Units in Letting Pool: 43Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 25 yearsPool: YesFunction Facilities: Yes

Marketing Agent

Gavin Mattig

0409 60....

Gavern Property - Management Rights

Key Investment Insights

1. Centrally located complex with convenient access to local amenities such as shops, schools, parks, and transport.
2. Modern and spacious 3-bedroom, 2.5-bathroom townhouse with an on-title office and double garage.
3. Long term agreements, stable salary, and secure parking make for a low-maintenance and easily managed complex.
4. Ideal for those seeking a quality lifestyle with no set hours and a secure income.
5. Managers unit valued at $900,000, providing a comfortable and desirable living space.
6. Permanent complex with 75 units and 43 units in the letting pool, offering potential for growth.
7. Accommodation agreement module with a remaining term of 25 years.
8. On-site pool and function facilities for residents to enjoy.
9. Disclaimer: Prospective purchasers should conduct their own enquiries to verify the accuracy of the information provided.

Management Rights Multiplier: 4.91
ROI Estimate: 20.37%