Carrara, Queensland

214K BC Salary with Growth Potentials in GC Stunning Permanent Complex

$2,401,200

Business Description

• Motivated vendor, priced to sell
• High body corporate remuneration $214,000 pa.
• Long term agreement with 21 years remaining
• Townhouse & apartments mixed with only permanent letting
• Low letting number, low risk of losing lettings.
• Standalone tastefully renovated luxury manager house with office on title and double garage
• Stunning lake view, tranquil and relaxing living
• 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.
• Contact us today to book an inspection

Business Summary

Business Snapshot

Price: $2,401,200 Net Profit: $278,000 Remuneration / Body Corp Salary: $214,000Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $900,000Bedrooms: 3Bathrooms: 2Car Spaces: 2Office: On Title

Complex Information

Complex Type: PermanentTotal Units in Complex: 126Total Units in Letting Pool: 20Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 21 yearsPool: YesBBQ Area: Yes

Marketing Agent

Greg Yang

0430 24....

CeCe Chen

0450 45....

Onsite Management Rights

Key Investment Insights

1. The business has a high body corporate remuneration of $214,000 per annum.
2. The agreement with the complex has a long term remaining of 21 years.
3. The complex has a mix of townhouses and apartments, with only permanent letting.
4. The low number of lettings reduces the risk of losing lettings.
5. The manager's house has been tastefully renovated and includes a double garage and office on title.
6. The location offers stunning lake views and a tranquil living environment.
7. The complex is centrally located and close to private and public schools, as well as golf courses.
8. Easy access to major highways and shopping centers.
9. The business has a strong net profit of $278,000.
10. The managers apartment has a value of $900,000 and includes 3 bedrooms, 2 bathrooms, and 2 car spaces.
11. The complex is of permanent type and has a total of 126 units, with 20 units in the letting pool.
12. The agreement module is accommodation and has a remaining term of 21 years.
13. The complex offers amenities such as a pool and BBQ area.

Management Rights Multiplier: 5.40
ROI Estimate: 18.52%