Panoramic Potential in Carraraâ Flexible MR Opportunity with real upside potential

$520k MR&$1.43M Unit = Total $1.95M

Permanent Management Rights, CARRARA QLD

Offered to the market is a rare and highly flexible management rights business in Carrara, one of the Gold Coasts most elevated and scenic precincts. The complex is a modern, low-maintenance development of 66 residences, completed in 2019 and meticulously maintained.

The managers residence is the largest and best-positioned unit in the complex, making this an exceptional lifestyle opportunity. This contemporary double-story home features 4 bedrooms, 2 bathrooms, a powder room, study, office, 2 storage rooms and a double garage. Exclusive use of 11 car spaces provide 150m of storage add further appeal. A generous private balcony captures panoramic views of the Gold Coast skyline, offering modern comfort with rare space and exclusivity.

The business is streamlined and straightforward. The common property is minimal and easy to maintain, comprising landscaped gardens, a pool and BBQ areas. The agreements specify no set office hours, providing exceptional lifestyle flexibility. The Body Corporate also reimburses the manager monthly for electricity and data associated with CCTV, reducing overheads.

The caretaking salary is approx. $132,108 p.a., with CPI increases due in September. The business is currently caretaking-only, but theres clear potential for uplift via the letting pool and income from the exclusive-use car spaces. Hold a real estate licence? Theres excellent potential for re-sales in a complex of this size.

Minutes from major shopping, schools, sporting precincts and the M1, Panorama Residences delivers outstanding balance of stability, flexibility and lifestyle. Its elevated position, with sweeping skyline and hinterland views, ensures strong long-term appeal.

This is the first time Panoramas management rights have been offered, held by the current manager for nearly 6 years. A rare lifestyle and business opportunityavailable due to a change in circumstances.

**Ras360 Specialists in Motels | Hotels | Pubs | Parks | Management Rights **

More Information

Financial Overview

Total Purchase Price: $520k MR&$1.43M Unit = Total $1.95M
Net Income: $ 132,108 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 1,430,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}
Multiplier: undisclosed
_{Estimated number of years till the Net Income reaches the Purchase Price of the business component. Other factors such as lifestyle, workload, location and offering should always be considered ahead of the multiplier when evaluating a Management Rights business.}

Letting Business

Letting Pool: TBC
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 51
_{Number of units resided in by their owners.}

Lock Ups: 0
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 15
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 66
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 132,108
_{This is the body corporate caretaker salary. It is included in the Net Income above.}

Agreement Term: 25 years
_{How long is the caretaking contract.}

Agreement Remaining: 18 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 0 years
_{How long has the management rights existed.}

Office Hours: Nil
_{Required Office Hours}

Complex Features: 0

Real Estate Component

Manager's Unit: 4 2

Included Real Estate: $ 1,430,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 2

Office On Title: 1
_{Is there a manager's office included on the title?}

Pets: yes
_{Can the manager own a pet on site?}

Unit Features: