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$1,600,000

Permanent management rights, Mermaid Waters QLD

This is an excellent opportunity to purchase a permanent management rights and manager's residence located in the centre of Mermaid Waters.

Stand-alone single level residence included in the sale
Situated in a tranquil and gated community in centre of Mermaid Waters
Land size: 359sqm
House size: 193sqm (internal 123sqm, garage 28sqm, external 42sqm)
Three spacious bedrooms + an office
Two bathrooms
Private enclosed courtyard
Secure double lock-up garage
Pet-friendly
Facility: Communal pool, BBQ area
Located in a quiet central location, with close proximity to all the amenities. Within a gated community offering security and safety.

Manager's salary: $$71,386.99 per annum (incl. of GST), increase with the CPI
Permanent letting pool: 5 properties
Houses in complex: 43
Agreement term: Expires in October 2032 with 6 years remaining

Contact us today for more information or to arrane an inspection.

More Information

Financial Overview

Total Purchase Price: $1,600,000
Net Income: $ 79,663 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 1,500,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}
Multiplier: 1.3
_{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: 5
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 0
_{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: 0
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 43
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 71,386
_{This is the body corporate caretaker salary. It is included in the Net Income above.}

Agreement Term: 15 years
_{How long is the caretaking contract.}

Agreement Remaining: 6 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 0 years
_{How long has the management rights existed.}

Office Hours:
_{Required Office Hours}

Complex Features:

Real Estate Component

Manager's Unit: 3 2

Included Real Estate: $ 1,500,000
_{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: Yes
_{Can the manager own a pet on site?}

Unit Features: Features Include:âââââââ¢âââââ3 bedrooms + officeâââââââ¢âââââ2 bathroomsâââââââ¢âââââDouble lock-up garage5 minute stroll from the vibrant heart of Nobbys cafes, boutiques, restaurants and large shopping centres. 10 minute leisurely stroll to the beach.