Carrara, Queensland

Easy Access to Main Arterial Routes!!

$1,169,000

Business Description

Easy Access to Main Arterial Routes!!

This dated complex is situated 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 great salary comprising 80% of the net income, no office hours, no need to live onsite, long term agreements, low levies, an income from the manager unit and an opportunity to review the untapped potential.

This managers unit consists of 5 bedrooms, 2 bathrooms and 2 undercover parking bays and is currently rented out.

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: $1,169,000 Net Profit: $93,000 Remuneration / Body Corp Salary: $75,000

Managers Unit

Value of Managers Apartment: $750,000Bedrooms: 5Bathrooms: 2Car Spaces: 1Pets OK: Yes

Complex Information

Complex Type: PermanentTotal Units in Complex: 39Total Units in Letting Pool: 10Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 16 yearsPool: YesTennis Court: Yes

Marketing Agent

Gavin Mattig

0409 60....

Gavern Property - Management Rights

Key Investment Insights

1. The business is located in a convenient and desirable location, with easy access to main arterial routes and close proximity to schools, shopping precincts, and public transportation.

2. The complex has a strong and stable income, with 80% of the net income comprising of a salary, no office hours, and no need to live onsite.

3. The manager's unit is currently rented out, providing additional income for the owner.

4. The complex has long-term agreements, low levies, and an opportunity for the new owner to review untapped potential.

5. The manager's unit is spacious, with 5 bedrooms, 2 bathrooms, and 2 undercover parking bays.

6. The complex is a permanent type, with a total of 39 units and 10 units in the letting pool.

7. The agreement module is accommodation, with a term of 25 years and 16 years remaining.

8. The complex also features amenities such as a pool and tennis court.

9. The business has a strong potential for growth and improvement, with the opportunity for the new owner to review and tap into untapped potential.

10. The information provided in the listing is accurate and verified, but prospective purchasers should still make their own enquiries to ensure the accuracy of the information.

Management Rights Multiplier: 4.51
ROI Estimate: 22.20%