Carrara, Queensland

Salary comprises 72.6% plus of the Net Income!!

$1,750,000

Business Description

Salary comprises 72.6% plus of the Net Income!!

Two adjoining complexes set on acreage with untapped potential for the astute manager!!

These complexes are situated in the heart of Carrara are in close proximity to excellent Public and Private Schools, Restaurants, Nerang and Robina shopping precincts, main access routes to both Coolangatta and Brisbane, whilst also being reasonably close to Nerang rail station and a bus stop at the entrance.

On offer – one complex consisting of managers unit with the business, and the adjoining complex business only, a good salary with annual CPI reviews, no office hours, no need to live onsite, long-term agreements, and additional income from the manager unit rental, low levies and untapped potential.

The manager unit consists of a fully ducted 3-bedroom, 1-bathroom, separate laundry, spacious kitchen with breakfast nook, lounge area leading out to a private patio and an adjoining yet separate “On Title” reception/office with a lock-up garage. Images might not depict these complexes.

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: $1,750,000 Net Profit: $204,000 Remuneration / Body Corp Salary: $162,000

Managers Unit

Value of Managers Apartment: $850,000Bedrooms: 3Bathrooms: 1Car Spaces: 1Office: On TitlePets OK: Yes

Complex Information

Complex Type: PermanentTotal Units in Complex: 93Total Units in Letting Pool: 24Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 21 + 14 yearsPool: YesSpa: YesTennis Court: Yes

Marketing Agent

Gavin Mattig

0409 60....

Gavern Property - Management Rights

Key Investment Insights

1. Asking price $1,750,000, net profit $204,000, owner remuneration/body corp salary $162,000, indicating the manager salary equals 72.6% of net income.
2. Manager remuneration of $162,000 is the dominant profit component, creating high dependence on that salary for overall earnings.
3. Two adjoining complexes on acreage, sold as one package with one complex including the manager unit and the adjoining complex as business only, offering scale and operational synergies.
4. Manager unit valued at $850,000, three bedrooms, one bathroom, separate laundry, spacious kitchen, private patio, on-title reception/office and lock-up garage, with potential to generate additional rental income.
5. No requirement to live onsite, no office hours, and long-term agreements in place, supporting flexible management arrangements and predictable cashflow.
6. Agreement module: Accommodation, original term 25 years, agreement term remaining shown as 21 plus 14 years, indicating extended contractual tenure for income streams.
7. Complex size 93 total units, 24 units in the letting pool, implying room to increase letting pool participation and revenue.
8. Onsite amenities include pool, spa and tennis court, enhancing guest appeal and ability to command premium rates.
9. Location in the heart of Carrara, close to public and private schools, restaurants, Nerang and Robina shopping precincts, main routes to Coolangatta and Brisbane, Nerang rail station nearby and bus stop at the entrance, supporting strong demand.
10. Low levies cited and described untapped potential for an astute manager, suggesting cost advantages and upside through operational optimisation.
11. Manager unit permits pets, potentially broadening short-term rental market appeal.
12. Images may not depict these complexes and prospective purchasers are advised to verify information, indicating limited marketing visuals and buyer due diligence required.

Management Rights Multiplier: 4.41
ROI Estimate: 11.66%