Merrimac, Queensland

Great buying and a good starter complex to enter the Management Rights Industry close to busy Robina - 1P4373M

Management Rights $870,000

Property Description

. Good location and just 2 minutes to Robina Town Centre or Mudgeeraba Shopping Centre. A private school is within walking distance and close access to the Pacific Highway north and south.
. 46 villas total with manageable duties, this business can be comfortably operated by one person.
. Good security with approx. 80% of income coming from the Body Corp salary, plus a small letting pool with very solid rental demand.
. Accommodation. Module agreements.
. Popular family environment with large Pool/BBQ area, ½ Basketball Court and Children's playground.
. Minimal Office Hours ( 5 hours per week ) Pet friendly complex.
. 3 Bed / 2 Bath Manager's Townhouse with a SLUG and one extra parking space. Office attached on title.

Residence : $495,000
Business : $375,000
Total : $870,000

Property Summary

Business Snapshot

Price: Management Rights $870,000 Net Profit: $99,000 Remuneration / Body Corp Salary: $73,370Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $380,000Bedrooms: 3Bathrooms: 2Car Spaces: 2Office: On TitlePets OK: Yes

Complex Information

Complex Type: PermanentTotal Units in Complex: 46Total Units in Letting Pool: 13Permanent Units: 13Owner Occupy Units: 29Outside Agent Units: 4Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 18 yearsPool: YesBBQ Area: Yes

Other Features / Notes

A:MANAGEMENT RIGHTS, B:MANAGEMENT RIGHTS, C:QLD - Gold Coast/Brisbane
Marketing Agent
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Expression Of Interest

Net Income: -
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Letting Pool: -
Remuneration:

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