Nerang, Queensland

Nerang - Permanent - Sold & Settled - ID 7992

SOLD

Business Description

Management Rights For Sale
Quiet, Idyllic Location

- 80 lot townhouse and villa gated estate
- Stable 42 units in the permanent letting pool
- Body Corporate salary over $133,000
- Long Accommodation Module agreements, over 22 years remaining
- Excellent Body Corporate committee
- Strong support for recent top up
- 3 bedroom manager's residence
- Office attached and on title
- Limited office hours, contactable by phone

Located a short distance from the heart of Surfers Paradise, easy access to M1, public transport, shops, cafes and restaurants. Would suit either first time or experienced operator.

Net Profit: $199,000
Asking Price: $1,419,000
(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
Phil Trimble

Property Code: 488

Business Summary

Managers Unit

Complex Information

Marketing Agent

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.
Listing location

This Business is sold

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