Nerang, Queensland
Large Nett Income, Huge BC Salary, Permanent Management Rights in Central Gold Coast
SOLD
Business Description
Asking $4,968,000 ONO in total!
1). Fantastic community as one of the largest permanent townhouses management rights in Central Gold Coast
2). Great location in a rapidly growing population suburb of Gold Coast, close to M1, easy to travel to Brisbane. Being only a short drive or walk to shops, restaurants and schools
3). Total Net Income $590K, verified by industry specialist accountant
4). Small letting pool, safe also there is great upside potential
5). Strong Remuneration $400K+, with annual growth of CPI
6). Long agreements 20 years+ on accommodation module
7). Manager Lot, valuated by industry specialist valuer in Sept 2022
8). Current staff will stay, subject to prospective buyer's plan
9). Optionally a silent partner may be considered
If you want to buy a big and solid income and lifestyle business, it ticks all your boxes, please contact David Jiang for private inspection*
*Inspection only will be introduced to pre-qualified buyer (serious and financially qualified)
Business Summary
Managers Unit
Complex Information
Key Investment Insights
Some other key insights for this business for sale include:
10). The manager's unit is spacious and modern, with 3 bedrooms, 2 bathrooms, and a double garage
11). The complex has a large communal pool and BBQ area, perfect for residents to relax and socialize
12). The townhouses are well-maintained and in high demand, with a low vacancy rate
13). The complex has a strong sense of community and is well-managed by the current on-site managers
14). The business has a solid and reliable income stream, with potential for growth through increasing the letting pool
15). The current staff are willing to stay on, providing a smooth transition for the new owners
16). The option for a silent partner allows for potential for shared ownership and reduced workload
17). The long agreements provide stability and security for the business
18). The location in a rapidly growing suburb offers potential for future growth and development
19). The business has been verified by industry specialists, providing confidence in the financials
20). Private inspections will only be arranged for serious and financially qualified buyers, ensuring confidentiality and efficiency in the sales process.
