Carrara, Queensland
Although Dated, Still Potential!!
Under Contract / Offer
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: Under Contract / Offer
Net Profit: $91,000 Remuneration / Body Corp Salary: $76,300
Complex Information
Complex Type: CaretakerTotal Units in Complex: 39Total Units in Letting Pool: 11Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 16 yearsPool: YesSpa: YesTennis Court: Yes
Key Investment Insights
1. Net profit of $91,000 and a listed remuneration/body corp salary of $76,300 indicate clear current cashflow for an owner-operator investor.
2. Long-term accommodation agreement originally 25 years with 16 years remaining provides contractual revenue stability.
3. Caretaker business model requires no office hours and no onsite residency, reducing hands-on time and labour overhead.
4. Presence of a motion in place for a top up suggests potential to increase contracted income through renegotiation.
5. Only 11 of 39 units are in the letting pool, indicating substantial untapped letting potential to grow revenue.
6. Complex is described as dated, implying opportunities for value-add refurbishment or repositioning to lift returns.
7. Onsite amenities include a pool, spa and tennis court, which support higher guest appeal and potential premium rental rates.
8. Location offers strong catchment appeal, being close to quality public and private schools, restaurants and shopping precincts at Nerang and Robina.
9. Excellent transport access with main routes to Coolangatta and Brisbane and a bus stop at the entrance enhances guest convenience and occupancy potential.
10. Business currently under contract or offer, signalling market interest and validation of the investment proposition.
