Carrara, Queensland

FANTASTIC PERMANENT COMPLEX - MUST SELL ALL OFFERS CONSIDERED

SOLD

Business Description

Owners must sell for health reasons. All offers considered.

This resort style permanent management rights complex is a must to inspect.

There is a magnificent standalone manager’s residence featuring vaulted ceilings in the living areas; 4 bedrooms, 2½ bathrooms, a well-appointed kitchen, several outdoor entertaining spaces and 2 car garaging.

The complex is beautifully presented with tropical gardens and fantastic facilities featuring, 2 pools, BBQ areas, gym and function room. There are no set office hours in the agreement and an excellent body corporate salary.

- Beautiful 4 bedroom residence

- BC Salary $253,736

- Nett Profit $279,000 TBC

- Resort style complex

- No set office hours

- Excellent central Gold Coast location

- Extensive gardening equipment included in the sale including a Ute and Golf Buggy.

This is an outstanding complex in beautiful location, a must to inspect.

Property Code: 309

Business Summary

Business Snapshot

Price: SOLD Net Profit: $263,000 Remuneration / Body Corp Salary: $238,625

Managers Unit

Value of Managers Apartment: $1,250,000Bedrooms: 4Bathrooms: 3Car Spaces: 2Pets OK: Yes

Complex Information

Complex Type: PermanentTotal Units in Complex: 159Total Units in Letting Pool: 14Owner Occupy Units: 126Outside Agent Units: 14Lockup Units: 5Agreement Module: AccommodationAgreement Term Remaining: 16 yearsPool: YesSpa: YesSauna: YesGym: YesBBQ Area: YesFunction Facilities: Yes

Marketing Agent

Scott Saunders

Premier Business Sales

Key Investment Insights

1. The business is a permanent management rights complex located in a central Gold Coast location.
2. The owners are selling due to health reasons and all offers will be considered.
3. The complex features a beautiful 4 bedroom standalone manager's residence with vaulted ceilings and multiple outdoor entertaining spaces.
4. The complex has well-maintained tropical gardens and fantastic facilities including 2 pools, BBQ areas, gym, and function room.
5. The business has no set office hours and an excellent body corporate salary of $253,736.
6. The net profit for the business is $279,000 (to be confirmed).
7. The sale includes extensive gardening equipment, a Ute, and a Golf Buggy.
8. The complex has a total of 159 units, with 14 units in the letting pool and 126 owner-occupied units.
9. The complex is under an Accommodation agreement module with 16 years remaining.
10. The complex has amenities such as a pool, spa, sauna, gym, BBQ area, and function facilities.

Management Rights Multiplier: 4.94
ROI Estimate: 10.31%