Carrara, Queensland

Two Adjoining Permanent Complexes!!

SOLD

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, Nerang and Robina shopping precincts, main access routes to both Coolangatta and Brisbane, whilst also being close to Nerang rail station.

Spacious and Comfortable 3 bedroom, 2 bathroom manager's townhouse over 2 levels, separate laundry, spacious kitchen, large lounge area leading out to a courtyard. 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: $204,900 Remuneration / Body Corp Salary: $177,100

Managers Unit

Value of Managers Apartment: $380,000Office: On Title

Spacious and Comfortable 3 bedroom, 2 bathroom manager's townhouse over 2 levels, separate laundry, spacious kitchen, large lounge area leading out to a courtyard. An adjoining yet separate "On Title" reception/office. One secure parking bay.

Complex Information

Complex Type: PermanentTotal Units in Complex: 124Owner Occupy Units: 68Outside Agent Units: 35BBQ Area: Yes

Marketing Agent

Gavern Property

Gavern Property - Management Rights

Key Investment Insights

1. Two adjoining permanent complexes with one body corporate, offering potential for a smart manager.
2. Located in the heart of Carrara, close to schools, restaurants, shopping precincts, and major access routes.
3. Spacious and comfortable 3 bedroom, 2 bathroom manager's townhouse over 2 levels.
4. Separate laundry, spacious kitchen, large lounge area leading out to a courtyard.
5. Adjoining yet separate "On Title" reception/office.
6. One secure parking bay.
7. Net profit of $204,900 and remuneration/body corp salary of $177,100.
8. Value of manager's apartment is $380,000.
9. Complex type is permanent with a total of 124 units.
10. 68 units are owner-occupied and 35 units are managed by outside agents.
11. Complex features a BBQ area.

Management Rights Multiplier: 4.59
ROI Estimate: 21.80%