Carrara, Queensland

Two Adjoining Permanent Complexes!!

Under Contract / Offer

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: Under Contract / Offer 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

1. Under contract / offer status, indicating a sale is underway rather than an active listed price.
2. Strong reported net profit of $259,300, with manager remuneration / body corporate salary of $234,100.
3. Long-term agreement structure, 25-year agreement with 24 years remaining, providing revenue stability.
4. Two adjoining permanent complexes on medium-sized acreage under one body corporate, enabling unified management.
5. Large overall scale, 124 total units with a 13-unit letting pool, offering scope to grow rental yield from the small pool.
6. Manager’s townhouse on-site valued at $660,000, 3 bedrooms, 2 bathrooms, air-conditioned over two levels, separate laundry and large backyard.
7. Operational facilities include an on-title reception/office and a separate large meeting room, plus one lock-up garage and additional secure parking.
8. On-site amenities include pool, spa and BBQ area, enhancing guest appeal and potential premium pricing.
9. Flexible working and living arrangements, contactable working arrangements, and ability to appoint a nominee, supporting succession planning and management options.
10. Convenient 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%