Carrara, Queensland

252K Profit Gold Coast Stunning Permanent Complex

SOLD

Business Description

• Motivated vendor, priced to sell business for retirement.
• Townhouse & apartments mixed with only permanent letting
• Stunning lake view with very quiet and relaxing environment
• Solid stable income with remuneration over $ 189,690 pa.
• Not Required to live onsite
• Long term agreement with 22 years remaining
• Healthy sinking fund over $1.2 million
• Standalone luxury manager house with office on title and double garage. Manager house price is around 850k but subject to valuation report coming soon.
• Centrally located, close to both private and public schools, and golf courses
• Easy access to M1 up to Brisbane and Logan, just minutes away to Broadbeach and shopping centers.
• Expression of interest is welcome. We will present multiple offers for the vendor to consider and select from
• Contact us today to book an inspection

Business Summary

Business Snapshot

Price: SOLD Net Profit: $252,000 Remuneration / Body Corp Salary: $189,690

Managers Unit

Value of Managers Apartment: $800,000Bedrooms: 3Bathrooms: 2Car Spaces: 2Office: On Title

Complex Information

Complex Type: PermanentTotal Units in Complex: 124Total Units in Letting Pool: 21Owner Occupy Units: 97Outside Agent Units: 5Agreement Module: StandardAgreement Term: 25 yearsAgreement Term Remaining: 22 yearsPool: YesBBQ Area: Yes

Marketing Agent

Greg Yang

0430 24....

Jodi Shore

0414 64....

Onsite Management Rights

Key Investment Insights

1. Motivated vendor looking to sell business for retirement.
2. Mix of townhouses and apartments with only permanent letting.
3. Stunning lake view and quiet environment.
4. Solid and stable income with remuneration over $189,690 per annum.
5. Manager is not required to live onsite.
6. Long-term agreement with 22 years remaining.
7. Healthy sinking fund of over $1.2 million.
8. Standalone luxury manager house with office and double garage.
9. Centrally located near schools, golf courses, and shopping centers.
10. Easy access to M1 for travel to Brisbane and Logan.
11. Expression of interest is welcome, with multiple offers to be presented to the vendor.
12. Managers unit valued at $800,000 with 3 bedrooms, 2 bathrooms, and 2 car spaces.
13. Complex is permanent with a total of 124 units, 21 in the letting pool, and 97 owner-occupied units.
14. Agreement module is standard with a term of 25 years and 22 years remaining.
15. Complex amenities include a pool and BBQ area.

Management Rights Multiplier: 5.30
ROI Estimate: 18.87%