Caretaking Only - No Licence Required - ID 9188

$1,100,000

Caretaking management rights, Merrimac QLD

Permanent Management Rights For Sale
No Requirement To Live Onsite

- 3 bed, 1 bath renovated manager's residence with large private courtyard
- Spacious office could be converted to 4th bedroom
- 13 rentals in the complex, potential upside for anyone with a licence
- Good quality schools nearby - St Michaels College, All Saints)
- Supportive committee
- No special levies forecast. Sinking fund will cover planned works
- Walk to new Merrimac railway station (opening 2026)
- Located close to the M1, easy access to Robina Town Centre
- No set office hours
- Potential to earn additional income through repairs & maintenance

Great opportunity for a first timer to the Management Rights industry, or perfect bolt-on for an exister operator. With no requirement to live onsite, the manager's unit could easily bring in $36,000 per annum in additional income.

Net Profit: $94,473 (*Body Corporate Salary only)
Asking Price: $1,100,000
(Inclusive of Manager's Real Estate)

More Information

Financial Overview

Total Purchase Price: $1,100,000
Net Income: $ 94,473 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 775,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}
Multiplier: 3.4
_{Estimated number of years till the Net Income reaches the Purchase Price of the business component. Other factors such as lifestyle, workload, location and offering should always be considered ahead of the multiplier when evaluating a Management Rights business.}

Letting Business

Letting Pool: 2
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 35
_{Number of units resided in by their owners.}

Lock Ups: 0
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 11
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 48
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 94,473
_{This is the body corporate caretaker salary. It is included in the Net Income above.}

Agreement Term: 25 years
_{How long is the caretaking contract.}

Agreement Remaining: 22 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 30 years
_{How long has the management rights existed.}

Office Hours: As per agreements
_{Required Office Hours}

Complex Features: Swimming pool, Storage, CCTV

Real Estate Component

Manager's Unit: 3 1

Included Real Estate: $ 775,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 2

Office On Title: 1
_{Is there a manager's office included on the title?}

Pets: No
_{Can the manager own a pet on site?}

Unit Features: The managerâs residence has been stylishly renovated and consists of 3 bedrooms and one bathroom. The large office attached on title could be converted to a 4th bedroom. Spacious exterior yard is fully enclosed, featuring a courtyard and patio area. There is also a storage shed. Air conditioning and ceiling fans.Parking for 2 vehicles and a pet is permitted with Body Corporate approval.