Carrara, Queensland
Panoramic Potential in Carrara – Flexible MR Opportunity with real upside potential. PRESENT ALL OFFERS!
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. $134,889 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 license? 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: $134,889 Remuneration / Body Corp Salary: $134,889
Managers Unit
Bedrooms: 4Bathrooms: 2Car Spaces: 2Complex Information
Complex Type: PermanentTotal Units in Complex: 66Owner Occupy Units: 51Outside Agent Units: 15Agreement Term: 25 yearsAgreement Term Remaining: 18 years
Key Investment Insights
1. Modern, low‑maintenance 66‑unit complex completed in 2019, offering recent construction and minimal deferred capital expenditure.
2. Strong long‑term management rights security, 25‑year agreement originally, with 18 years remaining.
3. Current caretaking remuneration/net profit approximately $134,889 per annum, with CPI increases due in September.
4. Business is caretaking‑only now, presenting clear upside via introducing a letting pool and monetising exclusive‑use car spaces.
5. Manager’s residence is the largest, best‑positioned unit: contemporary double‑storey 4 bedrooms, 2 bathrooms, study/office, 2 storage rooms and double garage, supporting genuine lifestyle appeal.
6. Exclusive use of 11 car spaces providing about 150m² of storage increases ancillary income and operational flexibility.
7. Minimal common property (landscaped gardens, pool and BBQ areas) simplifies operations and reduces ongoing maintenance workload.
8. Body Corporate reimburses manager monthly for electricity and data related to CCTV, reducing out‑of‑pocket operating costs.
9. No specified office hours in the agreements, delivering exceptional lifestyle flexibility for a manager‑operator.
10. High owner‑occupier mix, 51 owner‑occupy units and 15 outside agent units, supports stable long‑term occupancy and lower turnover.
11. Elevated Carrara location with panoramic Gold Coast skyline and hinterland views, minutes from major shopping, schools, sporting precincts and the M1, supporting strong market appeal.
12. First time offered in nearly six years, presented as a rare and flexible management rights opportunity with immediate lifestyle and revenue growth potential.
