Carrara, Queensland

Panoramic Potential in Carrara – Flexible MR Opportunity with real upside potential

Under Contract / Offer

Business Description

Offered to the market is a rare and highly flexible management rights business in Carrara, one of the Gold Coast’s most elevated and scenic precincts. The complex is a modern, low-maintenance development of 66 residences, completed in 2019 and meticulously maintained.

The manager’s residence is the largest and best-positioned unit in the complex, making this an exceptional lifestyle opportunity. This contemporary double-story home features 4 bedrooms, 2 bathrooms, a powder room, study, office, 2 storage rooms and a double garage. Exclusive use of 11 car spaces provide 150m² of storage add further appeal. A generous private balcony captures panoramic views of the Gold Coast skyline, offering modern comfort with rare space and exclusivity.

The business is streamlined and straightforward. The common property is minimal and easy to maintain, comprising landscaped gardens, a pool and BBQ areas. The agreements specify no set office hours, providing exceptional lifestyle flexibility. The Body Corporate also reimburses the manager monthly for electricity and data associated with CCTV, reducing overheads.

The caretaking salary is approx. $132,108 p.a., with CPI increases due in September. The business is currently caretaking-only, but there’s clear potential for uplift via the letting pool and income from the exclusive-use car spaces. Hold a real estate licence? There’s excellent potential for re-sales in a complex of this size.

Minutes from major shopping, schools, sporting precincts and the M1, Panorama Residences delivers outstanding balance of stability, flexibility and lifestyle. Its elevated position, with sweeping skyline and hinterland views, ensures strong long-term appeal.

This is the first time Panorama’s management rights have been offered, held by the current manager for nearly 6 years. A rare lifestyle and business opportunity—available due to a change in circumstances.

**Ras360 – Specialists in Motels | Hotels | Pubs | Parks | Management Rights **

Business Summary

Business Snapshot

Price: Under Contract / Offer Net Profit: $132,108 Remuneration / Body Corp Salary: $132,108

Managers Unit

Value of Managers Apartment: $1,330,000Bedrooms: 4Bathrooms: 2Car Spaces: 2

Complex Information

Complex Type: PermanentTotal Units in Complex: 66Owner Occupy Units: 51Outside Agent Units: 15Agreement Term: 25 yearsAgreement Term Remaining: 18 years

Marketing Agent

Syd Douglas

0427973....

Ras360

Key Investment Insights

1. Rare, flexible management rights offering in elevated Carrara with panoramic Gold Coast skyline and hinterland views, enhancing long-term appeal.
2. Modern, low-maintenance complex of 66 residences completed in 2019, meticulously maintained, reducing operating burden.
3. Manager’s residence is the largest and best-positioned unit, double-storey with 4 bedrooms, 2 bathrooms, powder room, study, office and double garage, offering exceptional lifestyle value.
4. Manager’s apartment valuation shown at $1,330,000, providing significant owner-occupier equity and asset value.
5. Exclusive use of 11 car spaces with 150m2 of storage creates a valuable ancillary income or utility opportunity.
6. Streamlined common property limited to landscaped gardens, pool and BBQ areas, simplifying caretaking responsibilities.
7. No set office hours specified in agreements, delivering outstanding lifestyle flexibility for the manager.
8. Body Corporate reimburses manager monthly for electricity and data associated with CCTV, lowering business overheads.
9. Caretaking remuneration approximately $132,108 p.a., with CPI increases due in September, reflecting stable base income.
10. Business currently caretaking-only with clear upside via introducing a letting pool and monetising exclusive car spaces.
11. Strong resale potential for a licence-holder, given 66-unit complex, 51 owner-occupier units and 15 outside-agent units, plus remaining agreement term of 18 years on a 25-year term.
12. Prime location minutes from major shopping, schools, sporting precincts and the M1, enhancing tenant and buyer demand; first time offered after nearly six years under current manager.

Management Rights Multiplier: 3.94
ROI Estimate: 25.41%