Carrara, Queensland

RARE GEMS : Two-in-One Adjacent Permanent MR with Netting Over $500K in Beautiful Gold Coast

$4,451,000

Business Description

• Motivated vendors, priced to sell.
• Solid income with remuneration $365K pa, netting over half a million.
• Stable income, over 70% of net profit comes from BC salary.
• Townhouse & apartments mixed with only permanent letting
• Long term agreements with 22 years remaining
• 2 standalone luxury manager houses for sale with respective office on title and double garage at $850K and $900K.
• Stunning, tranquil and relaxing lake view in GC prime location.
• Close to golf courses, private and public schools, and all amenities.
• Easy access to M1 up to Brisbane and Logan, just minutes away to Broadbeach and shopping centres.
• Don't miss this unique opportunity, contact us today to book an inspection

Business Summary

Business Snapshot

Price: $4,451,000 Net Profit: $508,000 Remuneration / Body Corp Salary: $365,000Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $850,000Bedrooms: 3Bathrooms: 2Car Spaces: 2Office: On Title

Complex Information

Complex Type: PermanentTotal Units in Complex: 221Total Units in Letting Pool: 31Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 22 yearsPool: YesGym: YesBBQ Area: Yes
Marketing Agent
Greg Yang
Greg Yang

CeCe Chen
CeCe Chen

Onsite Management Rights

Onsite Management Rights

Key Investment Insights

1. The business is a two-in-one adjacent permanent management rights with a net profit of over $500,000.
2. The vendors are motivated to sell and the business is priced competitively.
3. The majority of the net profit comes from the body corporate salary, providing a stable income.
4. The complex consists of a mix of townhouses and apartments, all of which are under permanent letting agreements.
5. The complex has long-term agreements with 22 years remaining, providing security for the business.
6. There are two standalone luxury manager houses for sale with respective office on title and double garage, priced at $850,000 and $900,000.
7. The complex is located in a prime location on the Gold Coast with stunning lake views.
8. It is close to golf courses, private and public schools, and all amenities.
9. The business has easy access to the M1, making it convenient for travel to Brisbane and Logan.
10. The complex is just minutes away from Broadbeach and shopping centres.
11. This is a unique opportunity that should not be missed.
12. Interested parties should contact the seller to book an inspection.

Management Rights Multiplier: 7.09
ROI Estimate: 14.11%

Listing location
Gallery

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