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. Rare management rights listing in Carrara, first time offered after nearly six years of single-operator tenure.
2. 66‑unit modern low‑maintenance complex completed in 2019, meticulously maintained.
3. High owner-occupancy, 51 owner‑occupy units versus 15 outside agent units, supporting stable management income.
4. Long agreement structure, 25‑year term with approximately 18 years remaining.
5. Current remuneration/caretaking salary reported at approximately $134,889 per annum, matching net profit.
6. CPI increases scheduled in September, providing contracted income escalation.
7. Manager’s residence is the largest and best‑positioned unit, double‑storey with 4 bedrooms, 2 bathrooms, powder room, study, office, 2 storage rooms and double garage, plus generous private balcony with panoramic skyline views.
8. Exclusive use of 11 car spaces and about 150 m² of storage, plus managers unit has 2 car spaces, offering additional income and asset flexibility.
9. Streamlined operations with minimal common property limited to landscaped gardens, pool and BBQ areas, reducing maintenance burden.
10. Agreements specify no set office hours, enhancing operator lifestyle flexibility; Body Corporate reimburses monthly electricity and data for CCTV, lowering overheads.
11. Clear upside potential: currently caretaking‑only with opportunities to add a letting pool and leverage resale opportunities given complex size and holder’s real estate licence.
