Carrara, Queensland

Two Adjoining Permanent Complexes!!

$1,950,000

Business Description

Two Adjoining Permanent Complexes!!

Two adjoining complexes set on a medium sized acreage with one Body Corporate and offering huge potential for the astute manager!!

These complexes situated in the heart of Carrara are in close proximity to excellent Public and Private Schools, Restaurants, well known golf courses, sporting precincts, Nerang and Robina shopping precincts, main access routes to both Coolangatta and Brisbane, whilst also being reasonably close to Nerang rail station. Images might not depict these complexes.

On offer – long term agreements, contactable working arrangements, flexibility with living arrangement and ability to appoint a nominee, huge opportunity for astute manager to realise increased revenue.

Spacious, comfortable and air-conditioned 3-bedroom, 2-bathroom manager’s townhouse over 2 levels, separate laundry, spacious kitchen, good sized lounge area leading out to a large backyard. An adjoining yet separate “On Title” reception/office, and an additional large meeting room. One lock up garage with additional secure parking.

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: $1,950,000 Net Profit: $259,300 Remuneration / Body Corp Salary: $234,100

Managers Unit

Value of Managers Apartment: $660,000Bedrooms: 3Bathrooms: 2Car Spaces: 1Office: On TitlePets OK: Yes

Complex Information

Complex Type: PermanentTotal Units in Complex: 124Total Units in Letting Pool: 13Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 24 yearsPool: YesSpa: YesBBQ Area: Yes

Marketing Agent

Gavin Mattig

0409 60....

Gavern Property - Management Rights

Key Investment Insights

AI generated. Confirm details with the seller.

1. Asking price $1,950,000, net profit $259,300, implying a price-to-earnings multiple of approximately 7.5x.
2. Owner/manager remuneration or body corporate salary $234,100, which is the majority of reported net profit.
3. Two adjoining permanent complexes on medium acreage, managed under a single Body Corporate, offering operational scale and adjacency benefits.
4. Long-term accommodation agreement, 25-year term with 24 years remaining, providing contract stability and predictable occupancy framework.
5. Total of 124 units in the complexes, with only 13 units currently in the letting pool, indicating scope to expand managed revenue.
6. Manager’s townhouse on title valued at $660,000, three bedrooms, two bathrooms, separate laundry, air-conditioned, large backyard, living over two levels.
7. On-title reception/office plus a large meeting room, supporting on-site administration and guest services.
8. Facilities include pool, spa and BBQ area, enhancing guest appeal and competitive positioning.
9. One lock-up garage plus additional secure parking, and pets are permitted, improving tenant flexibility and asset appeal.
10. Flexible working and living arrangements, ability to appoint a nominee, and contactable working arrangements, facilitating operator transition or absentee ownership.
11. Prime Carrara location near public and private schools, restaurants, well known golf courses, sporting precincts, Nerang and Robina shopping precincts, main access routes to Coolangatta and Brisbane, and reasonable proximity to Nerang rail station.

Management Rights Multiplier: 4.97
ROI Estimate: 13.30%