Merrimac, Queensland

UNDER CONTRACT. Small Management Rights complex with solid Body Corporate salary - 1P4373

Management Rights $900,000

Business 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. 89% 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 : $550,000
Business : $350,000
Total : $900,000

Business Summary

Business Snapshot

Price: Management Rights $900,000 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: 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

Key Investment Insights

1. Good location with easy access to major shopping centers, schools, and highways.
2. Manageable duties with potential for one-person operation.
3. Solid Body Corporate salary with a high percentage of income coming from it.
4. Accommodation module agreements in place.
5. Family-friendly environment with amenities such as a pool, BBQ area, and playground.
6. Minimal office hours required.
7. Pet-friendly complex.
8. Manager's townhouse with 3 bedrooms and 2 bathrooms.
9. Total asking price of $900,000, including $550,000 for the residence and $350,000 for the business.
10. Net profit of $99,000.
11. Remuneration/Body Corp salary of $73,370 with annual CPI review.
12. Manager's apartment valued at $380,000.
13. Permanent complex with 46 units, 13 in the letting pool, and 29 owner-occupied units.
14. Outside agent units make up 4 of the total units.
15. 25-year agreement term with 18 years remaining.
16. Additional amenities such as a half basketball court.
17. Potential for growth and expansion with additional marketing efforts.
18. Well-maintained and secure complex.
19. Management rights for sale in a popular and desirable area.

Management Rights Multiplier: 5.25
ROI Estimate: 19.04%

Listing location

Enquire Now

Thank you, your enquiry has been sent now.

Listing Tools

Management Rights

Receive new listing alerts

Sign up
Similar Management Rights For Sale

You may also like

Wanted - Experienced Active Equity Managers Surfers Paradise
Premier Business Sales
Wanted - Experienced Active Equity Managers...

SURFERS PARADISE

$880,000

Net Income: -
Managers Estate: - - Bed - Bath
Letting Pool: -
Remuneration:

Simple, Neat and Tidy!
Next Business & Property Sales
Simple, Neat and Tidy!

SOUTHPORT

$1,035,000

Net Income: -
Managers Estate: - - Bed - Bath
Letting Pool: -
Remuneration:

PALM BEACH DUO - PURELY SUPERVISORY MR OPPORTUNITY | Resort Brokers ID : MRB008113
ResortBrokers
PALM BEACH DUO - PURELY SUPERVISORY MR...

PALM BEACH

$875,000

Net Income: $190,000
Managers Estate: - - Bed - Bath
Letting Pool: 168
Remuneration:

STUNNING CHEVRON ISLAND PERMANENT MANAGEMENT RIGHTS
Ray White Commercial Gold Coast
STUNNING CHEVRON ISLAND PERMANENT MANAGE...

CHEVRON ISLAND

IMMEDIATE SALE

Net Income: $75,249
Managers Estate: - 2 Bed 2 Bath
Letting Pool: 7
Remuneration: $62,736

EXTREMELY EASY CARE PERMANENT MANAGEMENT RIGHTS
RAAS Property Group
EXTREMELY EASY CARE PERMANENT MANAGEMENT...

148 / 641 Pine Ridge Road COOMBABAH

Under Contract / Offer

Net Income: $88,896
Managers Estate: $580,000 3 Bed 3 Bath
Letting Pool: 36
Remuneration: $75,429

GREAT LIFESTYLE BUSINESS CLOSE TO THE BEACH
Premier Business Sales
GREAT LIFESTYLE BUSINESS CLOSE TO THE...

CURRUMBIN

$1,050,000

Net Income: $64,020
Managers Estate: - 3 Bed 2 Bath
Letting Pool: -
Remuneration: $64,020

Uniquely Designed Beautiful Property with Coral Sea Views
AN INCREDIBLE OPPORTUNITY WAITS FOR YOU - 217ML
A LEASEHOLD THAT OFFERS PLENTY! - 503CPL
Location & Upside - Excellent Leasehold Holiday Park sure to impress!
AMAZING VIEWS, GREAT BUSINESS, PERFECT LIFESTYLE
EXCEPTIONAL DUBBO FREEHOLD GOING CONCERN - 476MF
Ritz Backpackers
Attractive Motel in Prime Location
AFFORDABLE BED & BREAKFAST LEASEHOLD MOTEL WITH PLENTY OF APPEAL! - 646ML
Investment Opportunity of a Lifetime!
Motel with Impressive Trading Numbers and Forward Bookings - 1P5976M
ICONIC EAST COAST RESORT - Freehold & Business For Sale
BIG4 Cane Village Holiday Park Bundaberg
Bay Side Beautiful This Could be You
FREEHOLD MOTEL - 29 ULTRA MODERN ROOMS IN THE HEART OF GYMPIE, QLD | Resort Brokers ID : FH008149
PALM BEACH BLUE-CHIP PERMANENT RESIDENTIAL PROPERTY | Resort Brokers ID : MRB008193
 FREEHOLD MOTEL - 39 ULTRA MODERN ROOMS IN THE HEART OF GATTON, QLD | Resort Brokers ID : FH008164
Highly Profitable Disability Care Services Business, Port Stephens