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24 Year Stable Cashflow With 5% Annual Review
MR $1.35M + UNIT $750K = $2.1M
Permanent Management Rights, CARRARA QLD
Ras360 is pleased to present Orchid Park & Carrara Garden a rare 124 unit management rights opportunity in the heart of Carrara, offering an outstanding balance of income security, operational simplicity, and lifestyle appeal. Comprising 124 units across two adjoining complexes, this long-established community enjoys a peaceful, leafy environment while remaining just minutes to the M1, local schools, and major shopping centres, making it a highly liveable and convenient Gold Coast location.
The managers residence is a comfortable 3-bedroom, 2-bathroom home with a double garage, ideally positioned at the front of the complex to enhance both convenience and privacy. Well suited to families, it features a spacious open-plan living zone, a modern kitchen, and a low-maintenance outdoor area all within easy reach of the onsite office for smooth day-to-day operation.
The business is underpinned by a strong Body Corporate salary of $234,131.64, reviewed annually by CPI or 5%, delivering highly predictable and resilient income. Additional upside is provided through a letting pool of 13 units, supported by steady rental demand, with weekly rents typically ranging from $680$720 and an 8% commission structure.
Agreements are held under the Accommodation Module, with a healthy 24-year term remaining to June 2049, plus a scheduled top-up opportunity in June 2025. Operationally, the business is straightforward and well supported, using Console Cloud software, benefiting from professional strata management via Strata4U, and currently experiencing no committee concerns an ideal combination for incoming operators seeking stability and ease of transition.
Financially, Orchid Park & Carrara Garden delivers a verified net profit of $259,361.64, equating to an impressive 19.21% ROI on the business component priced at $1,350,000. Including the spacious managers residence valued at $750,000, the total package price of $2,100,000 represents an attractive overall ROI of 12.35%.
Residents enjoy excellent onsite facilities including a swimming pool and BBQ area, supported by a strong sinking fund exceeding $209,000. With a stable community profile, low-maintenance operation, and the flexibility to appoint a nominee, this dual-complex offering presents a standout opportunity combining lifestyle, flexibility, and financial performance in the Gold Coast management rights market.
Ras360 Specialists in Management Rights | Motels | Hotels | Pubs | Parks
More Information
- Total Purchase Price: MR $1.35M + UNIT $750K = $2.1M
- Net Income: $ 259,362
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 750,000
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.
Number of units the manager is authorised to manage.
Number of units resided in by their owners.
Number of units owners are not renting out, but also do not live in.
Number of units being rented by other agents (these could potentially be acquired by the manager).
The total number of units within the complex.
This is the body corporate caretaker salary. It is included in the Net Income above.
How long is the caretaking contract.
How long remains on the caretaking contract before it must be renewed?
How long has the management rights existed.
Required Office Hours
The value of on-title property included with the business. Its price is included in the Total Purchase Price.
Is there a manager's office included on the title?
Can the manager own a pet on site?