Carrara, Queensland

Caretaking and Letting!!

SOLD

Business Description

Caretaking and Letting!!

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 83% of the net income, no office hours, no need to live onsite, long-term agreements, and an opportunity to review the untapped potential.

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: SOLD Net Profit: $91,000 Remuneration / Body Corp Salary: $76,300

Complex Information

Complex Type: PermanentTotal Units in Complex: 39Total Units in Letting Pool: 12Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 17 yearsPool: YesSpa: YesTennis Court: Yes

Marketing Agent

Gavin Mattig

0409 60....

Gavern Property - Management Rights

Key Investment Insights

AI generated. Confirm details with the seller.

1. Salary comprises 83% of net income, indicating strong proprietor take-home from operations.
2. Net profit reported at $91,000, with remuneration/body corporate salary of $76,300.
3. Long-term agreement structure, 25-year term with 17 years remaining, offers revenue stability.
4. No office hours required, reducing daily management time and staffing needs.
5. No requirement to live onsite, increasing buyer flexibility.
6. Complex has 39 units, with only 12 currently in the letting pool, indicating room to increase lettings and revenue.
7. Property described as dated, signalling potential upside through refurbishment or repositioning.
8. On-site amenities include a pool, spa, and tennis court, enhancing guest appeal and possible premium pricing.
9. Location close to excellent public and private schools, attracting families and long-stay guests.
10. Proximity to Restaurants, Nerang and Robina shopping precincts, adding leisure and convenience value.
11. Strong transport links, being close to Nerang rail station, a bus stop at the entrance, and main access routes to Coolangatta and Brisbane.
12. Agreement module listed as Accommodation, confirming core operational focus and market positioning.