Merrimac, Queensland

Management Rights $755,000

Property Description

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

. 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. 70% 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 : $380,000 and includes office
Business : $375,000
Total : $755,000

Property Summary

Business Snapshot

Price: Management Rights $755,000 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


Marketing Agency

CRE Brokers

Jim Prentice
CRE Brokers

Phone

Listing Tools

This listing last updated: 17th September 2020

Property Map

Map Location ( get directions )

Merrimac, Queensland 4226 Exact map location not provided

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