Nerang, Queensland

Well Established Permanent Management Rights | Strong Letting Pool - ID 7992

$1,650,000

Business Description

Permanent Management Rights For Sale

An outstanding opportunity to secure a quality permanent Management Rights business with a strong letting pool, attractive workload and excellent lifestyle appeal.

Set within a spacious and established complex of 80 lots, the business includes a 24 lot permanent letting pool comprising a desirable mix of two and three bedroom townhouses and villas.

Residents enjoy an impressive range of onsite facilities, including a swimming pool, BBQ area and full-size tennis court, while a picturesque natural spring with water lilies and abundant wildlife adds a unique and tranquil atmosphere to the complex.

Conveniently positioned with easy access to the M1, Nerang Train Station and local amenities, this business offers the ideal combination of business, lifestyle and location.

Key Highlights:

- Permanent Management Rights business

- 80 lots with 24 permanent rentals

- Attractive mix of 2 and 3 bedroom townhouses and villas

- Established complex with a strong community feel

- Swimming pool, BBQ area and full-size tennis court

- Convenient M1 access

- Close to Nerang Train Station and local amenities

- Excellent lifestyle opportunity with strong income potential

An opportunity not to be missed – enquire today to discover more about this management rights opportunity.

Net Profit: $208,906
Asking Price: $1,650,000
(Inclusive of Manager's Real Estate)

For further information or to arrange an inspection of this Gold Coast Management Rights business for sale contact:

Management Rights Brokers
Phil Trimble & Gerard Dixon

Property Code: 1201

Business Summary

Business Snapshot

Price: $1,650,000 Net Profit: $208,906 Remuneration / Body Corp Salary: $149,465Business Value: $840,000

Managers Unit

Value of Managers Apartment: $810,000Bedrooms: 3Bathrooms: 1Car Spaces: 2Office: On Title

The manager’s residence is a spacious two-level townhouse offering three bedrooms, one bathroom and secure accommodation for two vehicles. The 24m² office is conveniently attached to the residence and is included on title, with its own separate entrance, providing a dedicated and professional workspace while maintaining privacy between the business and home.

Complex Information

Complex Type: PermanentTotal Units in Complex: 80Total Units in Letting Pool: 24Owner Occupy Units: 1Outside Agent Units: 12Manager Units: 43Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 19 yearsPool: YesTennis Court: YesBBQ Area: Yes

Marketing Agent

Phil Trimble

Gerard Dixon

MR Sales

Key Investment Insights

AI generated. Confirm details with the seller.

1. Established permanent management rights business across an 80 lot complex with a 24 lot letting pool.
2. Reported net profit of $208,906 and remuneration or body corporate salary of $149,465.
3. The sale includes the manager’s real estate, valued at $810,000, and a business value of $840,000.
4. Letting pool comprises an attractive mix of two and three bedroom townhouses and villas.
5. Spacious two level, three bedroom manager’s townhouse includes one bathroom and secure parking for two vehicles.
6. On title 24 square metre office has a separate entrance, supporting professional operations and residential privacy.
7. Residents have access to a swimming pool, BBQ area and full size tennis court.
8. Natural spring, water lilies and abundant wildlife create a distinctive, tranquil complex environment.
9. Convenient location offers easy access to the M1, Nerang Train Station and local amenities.
10. Agreement has 19 years remaining under the Accommodation module.
11. Permanent complex offers an established community setting and an attractive lifestyle proposition.

Management Rights Multiplier: 4.02
ROI Estimate: 12.66%