FOR SALE
$1,045,000

Contact Agent For Address
Merrimac QLD 4226

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 1m2
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2.18 Multiplier on the Gold Coast - ID 9166

Permanent Management Rights for Sale
What a Bargain!
- Super low multiplier of only 2.18 on the Gold Coast.
- Is it real? Yes, absolutely!
- Anything wrong with the complex? None!
- How’s the Committee? Very supportive and cooperative!
- What about the agreement term? Full term!
- Reason for sale? Genuine retirement of a senior couple after 21 years of running this stable and wonderful business.
- No set office hours – work at your own pace.
- All permanent rentals with a very low letting pool percentage, only 19 units.
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Property Details for Contact Agent For Address, Merrimac

Building Type
Commercial
Floor Size
1m2

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About Merrimac 4226

The size of Merrimac is approximately 9 square kilometres. It has 12 parks covering nearly 12.9% of total area. The population of Merrimac in 2011 was 6,320 people. By 2016 the population was 7,097 showing a population growth of 12.3% in the area during that time. The predominant age group in Merrimac is 30-39 years. Households in Merrimac are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Merrimac work in a trades occupation. In 2011, 57.1% of the homes in Merrimac were owner-occupied compared with 50.8% in 2016.

Merrimac has 3,043 properties. Over the last 5 years, Houses in Merrimac have seen a 80.38% increase in median value, while Units have seen a 91.92% increase. As at 30 November 2024:

  • The median value for Houses in Merrimac is $955,365 while the median value for Units is $719,831.
  • Houses have a median rent of $805 while Units have a median rent of $700.
There are currently 26 properties listed for sale, and 5 properties listed for rent in Merrimac on OnTheHouse. According to CoreLogic's data, 159 properties were sold in the past 12 months in Merrimac.

Suburb Insights for Merrimac 4226

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Bill He
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Management Rights Sales Pty Ltd
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.