Nerang, Queensland

Business For Sale - Large Permanent Management Rights - ID 7992 BL

$1,600,000

Property Description

Management Rights For Sale
Unique Opportunity On Offer

- Large townhouse and villa complex
- 80 lots with 44 in the permanent letting pool
- 2 and 3 bedroom configurations
- Onsite facilities including pool, BBQ and full tennis court
- Close to M1 and train station yet peaceful and secluded
- Accommodation Module agreements with 18 years remaining
- 3 bedroom manager's residence currently tenanted
- No requirement to live onsite
- Attached office on title

Great opportunity to secure this well established permanent management rights business.

Net Profit: $199,335
Asking Price: $1,600,000
(Inclusive of manager's real estate)

For further information or to arrange an inspection of this Gold Coast Management Rights opportunity contact:

Exclusive Management Rights Broker
Lyn Pearsall

Property Summary

Business Snapshot

Price: $1,600,000 Net Profit: $199,335 Remuneration / Body Corp Salary: $119,591Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $500,000Bedrooms: 3Bathrooms: 1Car Spaces: 2Office: On Title
Two level villa, Three bedrooms, One bathroom, Two car spaces, Office is attached and on title, No requirement to live onsite, Residence is currently rented out with manager's living in a home nearby

Complex Information

Complex Type: PermanentTotal Units in Complex: 80Total Units in Letting Pool: 44Permanent Units: 44Owner Occupy Units: 29Outside Agent Units: 6Manager Units: 1Agreement Module: AccommodationAgreement Term: 20 yearsAgreement Term Remaining: 18 yearsPool: YesTennis Court: YesBBQ Area: Yes
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