Carrara, Queensland

Although Dated, Still Potential!!

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, and a bus stop at the entrance.

On offer - a great salary, no office hours, no need to live onsite, long-term agreements with a motion in place for a top up, 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: $70,000

Complex Information

Complex Type: CaretakerAgreement Module: StandardAgreement Term: 10 years

Marketing Agent

Gavin Mattig

0409 60....

Gavern Property - Management Rights

Key Investment Insights

AI generated. Confirm details with the seller.

1. Listing describes a caretaker and letting business for a 39‑unit complex, indicating combined revenue streams from caretaking and unit letting.
2. Net profit is $91,000, providing a clear profitability benchmark for investors.
3. Remuneration or body corporate salary is $76,300, showing a substantial owner/operator income component separate from net profit.
4. Agreement is long‑dated at 25 years with 16 years remaining, offering long‑term contractual stability.
5. Agreement module specified as accommodation, indicating the letting operations are formally structured for short‑stay or residential accommodation management.
6. Only 11 of 39 units are currently in the letting pool, signalling a material opportunity to grow letting income by increasing pool participation.
7. Property is described as dated, implying potential upside through refurbishment or repositioning to increase yield.
8. No requirement to live onsite and no office hours, suggesting low owner time commitment and flexibility in management arrangements.
9. Motion in place for a top up, indicating there is an active mechanism to increase remuneration or fees subject to approval.
10. Strong location appeal, close to quality public and private schools, restaurants, Nerang and Robina shopping precincts, and main routes to Coolangatta and Brisbane.
11. Onsite amenities include a pool, spa and tennis court, enhancing guest appeal and potential premium pricing.