Key Investment Insights
1. Permanent management rights business and managers residence for sale in the leafy Gold Coast suburb of Nerang.
2. The complex consists of 51 townhouses, with 40 in the main complex and 11 in a neighboring complex.
3. Both complexes are gated and present beautifully, with the main complex featuring a great pool area.
4. The manager's residence is an outstanding 4-bedroom townhouse with an attached office.
5. Long agreements in place and no set office hours make for a manageable workload for a single operator.
6. Net profit of $125,000.
7. Managers apartment valued at $660,000.
8. The apartment has 4 bedrooms, 3 bathrooms, and 2 car spaces, with the office on title.
9. Pets are allowed in the apartment.
10. The complex is of the permanent type and has a total of 51 units, with 24 in the letting pool and 27 owner-occupied.
11. The agreement module is accommodation, with 22 years remaining.
12. The complex features a pool.
13. The business is priced at $125,765.
14. Remuneration/Body Corp Salary is $65,482.
15. The property code is 960.
Management Rights Multiplier: 4.25
ROI Estimate: 23.51%