Carrara, Queensland

MAKE AN OFFER!!

SOLD

Business Description

Two Adjoining Permanent Complexes Plus A Rent Roll!!

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

Whilst managing the rent roll of one complex the manager is also the onsite manager for the other two complexes. These complexes 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 close to Nerang rail station and a bus stop at the entrance.

Spacious and Comfortable fully ducted 3 bedroom, 1 bathroom manager's apartment, separate laundry, spacious kitchen with breakfast nook, huge lounge area leading out to a private patio. An adjoining yet separate "On Title" reception/office. One secure parking bay.

To arrange an inspection please call: Gavin - ---------- or email: ----------

Business Summary

Business Snapshot

Price: SOLD Net Profit: $205,000 Remuneration / Body Corp Salary: $124,400

Managers Unit

Value of Managers Apartment: $730,000Office: On Title

Complex Information

Complex Type: Resort/HolidayTotal Units in Complex: 188Total Units in Letting Pool: 52Owner Occupy Units: 49Outside Agent Units: 87

Marketing Agent

Gavern Property

Gavern Property - Management Rights

Key Investment Insights

Key Insights:
- Two adjoining complexes with potential for growth
- Located in a desirable area with easy access to schools, shopping, and transportation
- Spacious and comfortable 3 bedroom, 1 bathroom manager's apartment
- Separate "On Title" reception/office
- Net profit of $205,000 and remuneration/body corp salary of $124,400
- Manager's apartment valued at $730,000
- Complex type is resort/holiday with a total of 188 units, 52 in the letting pool, and 49 owner-occupied units
- Potential for outside agent units to be brought into the letting pool for additional income.

Management Rights Multiplier: 4.00
ROI Estimate: 25.00%