Nerang, Queensland

BEAUTIFULLY PRESENTED PERMANENT MANAGEMENT RIGHTS - EXCELLENT 4-BEDROOM TOWNHOUSE

SOLD

Business Description

We are pleased to offer this fantastic permanent management rights business and outstanding managers residence located in the leafy Gold Coast suburb of Nerang.

There are a total of 51 townhouses in the complex spread over the main complex of 40 and a small neighbouring complex of 11 townhouses, all being 3-bedrooms. Both complexes present beautifully with the main complex having a great pool area. Both complexes are gated.

The manager’s residence is an outstanding 4-bedroom townhouse with office attached. The residence has an excellent large open plan kitchen, dining & living downstairs which opens onto a large private backyard, this is a must to inspect.

With long agreements in place no set office hours and a very manageable work load for one person this is a great opportunity for buyers new to the industry.

- Long Agreements

- No set office hours

- Outstanding 4 bedroom managers residence

- Comfortable workload for single operator

- Net profit $125,000

Call now to book an inspection.

Property Code: 960

Business Summary

Business Snapshot

Price: SOLD Net Profit: $125,765 Remuneration / Body Corp Salary: $65,482

Managers Unit

Value of Managers Apartment: $660,000Bedrooms: 4Bathrooms: 3Car Spaces: 2Office: On TitlePets OK: Yes

Complex Information

Complex Type: PermanentTotal Units in Complex: 51Total Units in Letting Pool: 24Owner Occupy Units: 27Agreement Module: AccommodationAgreement Term Remaining: 22 yearsPool: Yes

Marketing Agent

Scott Saunders

Premier Business Sales

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: 10.52%