Carrara, Queensland

Five Adjoining Permanent Complexes!!

SOLD

Business Description

Five Adjoining Permanent Complexes!!

Five adjoining complexes set on a large acreage with figures showing huge potential!!

Whilst managing the rent roll of one complex the manager is also the onsite manage for the other four 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: $427,900 Remuneration / Body Corp Salary: $303,400

Managers Unit

Value of Managers Apartment: $1,110,000Office: On Title

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.

Complex Information

Complex Type: PermanentTotal Units in Complex: 312Owner Occupy Units: 111Outside Agent Units: 113BBQ Area: Yes

Marketing Agent

Gavern Property

Gavern Property - Management Rights

Key Investment Insights

AI generated. Confirm details with the seller.

1. Five adjoining complexes with a large acreage, offering potential for growth and expansion.
2. Located in a prime location in Carrara, close to schools, shopping centers, and transportation.
3. Manager's apartment is a spacious and comfortable 3 bedroom, 1 bathroom unit with a separate office/reception area.
4. The complex is a mix of permanent and owner-occupied units, providing a stable and diverse income stream.
5. Net profit of $427,900 with a remuneration/body corp salary of $303,400.
6. Onsite management for all five complexes, providing convenience and efficiency for the manager.
7. Potential for growth and improvement through proactive management and marketing strategies.
8. Well-maintained and attractive complex with amenities such as a BBQ area.
9. Secure parking available for the manager.
10. Strong demand for rental properties in the area, providing a stable and consistent rental income.

Management Rights Multiplier: 4.43
ROI Estimate: 14.25%