Merrimac, Queensland

Management Rights $755,000

Property Description

AFFORDABLE GOLD COAST PERMANENT MANAGEMENT RIGHTS IN HIGH RENTAL DEMAND AREA - 1P4373MR

* Great location just 2 minutes to Robina Town Centre, Mudgeeraba Shopping Centre, All Saints Private School.
* 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, including overseas students.
* 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 Villa with 2 car parking. Office attached on title.

NET PROFIT : $99,000
PRICE : $380,000 Incl. Manager's Apartment, Office
BUSINESS : $375,000
TOTAL : $755,000

Property Summary

Business Snapshot

Price: Management Rights $755,000 Net Profit: $99,000 Remuneration / Body Corp Salary: $72,000Body 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: 11Permanent Units: 11Owner Occupy Units: 30Outside Agent Units: 4Manager Units: 1Pool: YesBBQ Area: Yes

Other Features / Notes

A:MANAGEMENT RIGHTS, B:MANAGEMENT RIGHTS

Marketing Agent


Marketing Agency

CRE Brokers

Jim Lowe
CRE Brokers

Phone

Listing Tools

Property Map

Map Location ( get directions )

Merrimac, Queensland 4226 Exact map location not provided

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