Carrara, Queensland

Salary comprises 76% of the Net Income!!

Under Contract / Offer

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: Under Contract / Offer 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

Key Insights:

1. The salary for the manager comprises a significant portion (76%) of the net income, making it a key source of revenue for the business.

2. The complexes are situated in a prime location, close to schools, shopping centers, and transportation, making it an attractive option for potential buyers.

3. The business offers a good salary, no office hours, and no need to live onsite, providing a desirable work-life balance for the manager.

4. The manager units have the potential for additional income through rental, with one unit currently being rented out and the other having a separate office space.

5. The complexes have a low levy structure, making it an affordable option for residents and a potential selling point for buyers.

6. The long-term agreements for the complexes provide stability and security for the business.

7. The untapped potential of the complexes presents an opportunity for growth and increased revenue for the business.

8. The manager's unit is spacious and well-equipped, with 6 bedrooms, 4 bathrooms, and 3 car spaces, providing comfortable accommodation for the manager.

9. The complex is a permanent one, with a total of 93 units and 24 units in the letting pool, providing a stable and consistent source of income for the business.

10. The complex has additional amenities such as a pool and tennis court, making it an attractive option for potential residents.

Management Rights Multiplier: 4.45
ROI Estimate: 22.49%