Carrara, Queensland

Central Location!!

$1,032,000

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: $1,032,000 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. The complex is located in a highly desirable and central location, close to schools, shopping, and transportation options.
2. The business offers a good salary, comprising 72% of the net income, with no office hours and no need to live on-site.
3. The complex has long-term agreements in place, providing stability and potential for future growth.
4. The manager's unit is spacious and well-equipped, with a separate office and lock-up garage.
5. The complex is a mix of permanent and owner-occupied units, providing a diverse and stable rental pool.
6. The agreement module is "Accommodation," providing flexibility for the manager to manage the complex in their preferred manner.
7. The complex has a pool, adding to the appeal for potential tenants.
8. The current net profit of $107,200 and remuneration/body corp salary of $77,500 offer a strong return on investment.
9. The complex has low levies, making it an attractive option for potential buyers.
10. There is untapped potential for growth and improvement within the complex.

Management Rights Multiplier: 4.50
ROI Estimate: 22.24%