Nerang - Permanent - Sold & Settled - ID 7992

Key Investment Insights

Key Insights:

1. Located in a quiet and idyllic location, away from the hustle and bustle of Surfers Paradise.

2. Consists of 80 townhouse and villa units in a gated estate.

3. Stable 42 units in the permanent letting pool, providing a steady income stream.

4. Body Corporate salary over $133,000, providing a solid base for income.

5. Long Accommodation Module agreements with over 22 years remaining, providing security and stability for the business.

6. Excellent Body Corporate committee, providing a supportive and cooperative environment for the manager.

7. Strong support for recent top up, indicating a positive relationship between the manager and the Body Corporate.

8. Manager's residence is a spacious 3 bedroom unit, providing comfortable living quarters for the manager.

9. Office attached and on title, providing convenience and accessibility for the manager.

10. Limited office hours and contactable by phone, allowing for a good work-life balance for the manager.

11. Easy access to M1, public transport, shops, cafes and restaurants, making it an attractive location for tenants.

12. Would suit either a first-time or experienced operator, providing flexibility for potential buyers.

13. Net profit of $199,000, indicating a profitable business with potential for growth.

14. Asking price of $1,419,000, inclusive of manager's real estate, providing a good value for the business.

15. Exclusive Management Rights Broker, Phil Trimble, available for further information and to arrange an inspection.

16. Property Code: 488, indicating that the business is registered and compliant with local regulations.