Key Investment Insights
1. Listed price $1,950,000, reported net profit $259,300, manager remuneration/Body Corporate salary $234,100, indicating strong owner return potential.
2. Two adjoining permanent complexes on medium acreage, offering scale and consolidated management efficiencies.
3. Long-term accommodation agreement originally 25 years with 24 years remaining, providing income stability.
4. Total 124 units in the complex, 13 units in the letting pool, suggesting scope to grow lettable inventory and revenue.
5. Manager’s townhouse on title valued at $660,000, 3 bedrooms, 2 bathrooms, two-level layout, separate laundry and large backyard, supporting on-site live-in management.
6. On-title reception/office plus an additional large meeting room, enabling integrated administration and guest services.
7. One lock-up garage with additional secure parking, and pets allowed in manager’s unit, adding practical benefits for on-site staff.
8. On-site amenities include pool, spa and BBQ area, enhancing guest appeal and potential seasonal revenue.
9. Location in the heart of Carrara close to public and private schools, restaurants, well-known golf courses, sporting precincts, Nerang and Robina shopping precincts, increasing market attractiveness.
10. Good transport access, main routes to Coolangatta and Brisbane and reasonable proximity to Nerang rail station, supporting visitor catchment and occupancy.
11. Sale offers contactable working arrangements, flexible living arrangements and the ability to appoint a nominee, providing operational flexibility for a new owner.
12. Advertised as a significant opportunity for an astute manager to realise increased revenue, implying upside through active management and optimisation.
Management Rights Multiplier: 4.97
ROI Estimate: 13.30%
