Carrara, Queensland

Perfect Small Management Rights for Single Operator with Large Home

$759,000

Business Description

Low-maintenance, permanent complex situated in sought after area of Carrara.

This permanent complex is located close to public transport, Schools, Carrara stadium and easy access to the M1. Ultra-spacious, freestanding, single level residence that is ideal for a family and a pet.

- The manager has three bedrooms, all with ceiling fans & built-in robes. The very large master bedroom has a walk-in robe with a generous ensuite.
- Remote-operated double garage with internal access.
- Peaceful outdoor entertainment area.

Minimal gardens and facilities to look after.
It is ideal as a second income for a couple or a single operator.
No office hours.

Business Summary

Business Snapshot

Price: $759,000 Net Profit: $47,749 Remuneration / Body Corp Salary: $41,107

Managers Unit

Value of Managers Apartment: $650,000Bedrooms: 3Bathrooms: 2Car Spaces: 2

Complex Information

Complex Type: PermanentTotal Units in Complex: 24Total Units in Letting Pool: 6Owner Occupy Units: 16Outside Agent Units: 2Agreement Term: 25 yearsAgreement Term Remaining: 18 years
Marketing Agent
Joshua Dean
Joshua Dean

Paul Mueller
Paul Mueller

RAAS Property Group

RAAS Property Group

Key Investment Insights

Key insights for this business for sale listing include:

1. Low-maintenance permanent complex located in a sought-after area of Carrara, with easy access to public transport, schools, and the M1.

2. The complex has a total of 24 units, with 6 units in the letting pool and 16 owner-occupied units.

3. The manager's unit is a spacious, freestanding, single-level residence with 3 bedrooms, 2 bathrooms, and a double garage with internal access.

4. The master bedroom has a walk-in robe and ensuite, while the other bedrooms have built-in robes and ceiling fans.

5. The complex has minimal gardens and facilities to look after, making it ideal for a single operator or a couple looking for a second income.

6. The manager's unit is valued at $650,000, and the business has a net profit of $47,749 and a remuneration/body corp salary of $41,107.

7. The agreement term is 25 years, with 18 years remaining.

8. There are no office hours required for this management rights business, providing a flexible and low-stress lifestyle for the owner.

9. The complex is pet-friendly, making it suitable for families.

10. This business presents a great opportunity for a single operator or couple looking for a low-maintenance and profitable management rights business in a desirable location.

Management Rights Multiplier: 2.28
ROI Estimate: 43.81%

Listing location
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