Carrara, Queensland
Although Dated, Still Potential!!
$410,000
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: $410,000
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. Listed price $410,000, net profit $91,000, remuneration/body corporate salary $76,300, indicating clear current financials.
2. Business type is caretaker for a 39-unit complex, providing a defined, property-focused operation.
3. Only 11 of 39 units are in the letting pool, implying significant untapped letting potential and upside.
4. Agreement is under the accommodation module, 25-year original term with 16 years remaining, offering long-term contractual stability.
5. A motion is in place for a top up, indicating a planned or potential increase in fees or remuneration.
6. No requirement to live onsite and no set office hours, offering operational flexibility for an owner-operator.
7. Complex is described as dated, signalling potential need for capital expenditure or refurbishment to increase value and appeal.
8. Onsite amenities include a pool, spa, and tennis court, which support marketing to guests and long-term residents.
9. Location is close to excellent public and private schools, enhancing appeal to families and longer-stay tenants.
10. Proximity to Nerang and Robina shopping precincts, restaurants, and main access routes to Coolangatta and Brisbane, supporting strong catchment and transport connectivity.
11. A bus stop at the entrance improves public transport access for guests and staff.
12. Opportunity framed as a salary plus business profit model, with potential to review and grow income through letting pool optimisation and agreed top-up mechanisms.
