Carrara, Queensland

Salary comprises 76% of the Net Income!!

$2,190,000

Business Description

Salary comprises 76% of the Net Income!!

Two adjoining complexes set on acreage with untapped potential for the astute manager!!

These complexes are situated in the heart of Carrara are 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, no office hours, no need to live onsite, long term agreements, and income from manager units rental, low levies and untapped potential.

One manager unit consists of 5 bedrooms, 2 bathrooms and 2 undercover parking bays and is currently rented out. The other manager unit consists of 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: $2,190,000 Net Profit: $200,200 Remuneration / Body Corp Salary: $152,500

Managers Unit

Value of Managers Apartment: $1,300,000Bedrooms: 6Bathrooms: 4Car Spaces: 3Office: On Title

Complex Information

Complex Type: PermanentTotal Units in Complex: 93Total Units in Letting Pool: 24Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 18 yearsPool: YesTennis Court: Yes

Marketing Agent

Gavin Mattig

0409 60....

Gavern Property - Management Rights

Key Investment Insights

- Two adjoining complexes set on acreage with potential for growth
- Located in a desirable area with close proximity to schools, shopping, and transportation
- Good salary and no office hours
- Manager units are currently rented out
- Long term agreements in place
- Low levies and potential for additional income
- One manager unit has 5 bedrooms and 2 bathrooms, while the other has 3 bedrooms and 1 bathroom
- Both units have additional features such as a private patio and an office space
- Total of 93 units in the complex with 24 in the letting pool
- Accommodation agreement with 18 years remaining
- Amenities such as a pool and tennis court are included in the complex.

Management Rights Multiplier: 4.45
ROI Estimate: 22.49%