Merrimac, Queensland

Central Gold Coast Quality Lifestyle!!

$2,250,000

Business Description

Central Gold Coast Quality Lifestyle!!

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: $126,000

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: Yes

Marketing Agent

Gavin Mattig

0409 60....

Gavern Property - Management Rights

Key Investment Insights

1. Asking price $2,250,000 with reported net profit $275,000, indicating an approximate net yield of 12.2% based on profit to price.
2. Manager remuneration/body corporate salary $126,000, providing a clear employment income component for owner-operator scenarios.
3. Manager’s two-level townhouse on-title valued at $900,000, offering substantial resident accommodation equity and potential capital value.
4. Manager’s unit comprises 3 bedrooms, 2.5 bathrooms, fully equipped kitchen, spacious living areas, on-title office with separate entrance, double garage and large courtyard, supporting live-in management and flexible workspace.
5. Permanently structured complex of 75 units, with 43 units in the letting pool, indicating a mix of owner-occupied and income-producing units.
6. Accommodation agreement term 25 years with 25 years remaining, providing long-term contractual stability for operations and revenue.
7. On-site pool and tightly held, centrally located complex that emphasises lifestyle, privacy and convenience for residents.
8. Prime central Gold Coast location close to Worongary Shopping Centre, parks, transport, 24-hour service station, restaurants, schools, medical centre and other amenities, supporting high tenant demand.
9. Long-term agreements and no set hours, implying predictable income streams and low operational scheduling demands.
10. Secure parking and easily managed complex, suggesting lower operational complexity and maintenance overheads.
11. Proximity to multiple schools including All Saints, St Michael’s, Merrimac State School and child care, enhancing appeal to families and long-term tenants.

Management Rights Multiplier: 4.91
ROI Estimate: 20.37%