Carrara, Queensland

Central Location!!

Under Contract / Offer

Business Description

Central Location!!

This dated complex is situated in the heart of Carrara in close proximity to excellent Public and Private Schools, Restaurants, Nerang and Robina shopping precincts, main access routes to both Coolangatta and Brisbane, whilst also being close to Nerang rail station and a bus stop at the entrance.

On offer - a good salary comprising 72% of the net income, no office hours, no need to live onsite, long term agreements, and income from manager units rental, low levies and untapped potential.

A manager unit consisting of a fully ducted 3 bedroom, 1 bathroom, separate laundry, spacious kitchen with breakfast nook, lounge area leading out to a private patio and an adjoining yet separate "On Title" reception/office with a lock-up garage.

To arrange an inspection please call: Gavin

Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.

Business Summary

Business Snapshot

Price: Under Contract / Offer Net Profit: $107,200 Remuneration / Body Corp Salary: $77,500

Managers Unit

Value of Managers Apartment: $550,000Bedrooms: 3Bathrooms: 1Car Spaces: 2Office: On Title

Complex Information

Complex Type: PermanentTotal Units in Complex: 54Total Units in Letting Pool: 14Owner Occupy Units: 24Outside Agent Units: 16Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 18 yearsPool: Yes

Marketing Agent

Gavin Mattig

0409 60....

Gavern Property - Management Rights

Key Investment Insights

1. Prime location in the heart of Carrara, close to schools, shopping, and transportation.
2. High net income and remuneration/body corp salary.
3. No office hours and no need to live on-site.
4. Long-term agreements and potential for growth.
5. Manager unit with 3 bedrooms, 1 bathroom, and separate office.
6. Private patio and lock-up garage included with manager unit.
7. Low levies and potential for additional income from rental of manager unit.
8. Permanent complex with 54 units, 14 in the letting pool.
9. Accommodation agreement module with 25-year term remaining.
10. On-site pool for residents.
11. Potential for further improvements and growth.
12. Excellent opportunity for a motivated manager to take over and continue to grow the business.

Management Rights Multiplier: 4.50
ROI Estimate: 22.24%