Labrador, Queensland

Low Multiplier Waterfront

$710,000

Business Description

• A nice quiet complex, centrally located, with great access to The Broadwater and water activities.
• No set office hours.
• Supportive BC & committee.
• Long agreement, 18 years remaining.
• Low maintenance, ideal for a sole operator or a couple who would like a balance between work and life.
• Potential additional earnings from simple maintenance jobs as current net profit doesn't include repairs and maintenance income.
• Close to transport and all amenities.
• Close proximity to quality primary and high schools, Griffith University, GC Hospital, Harbour Town and Surfers Paradise.

Business Summary

Business Snapshot

Price: $710,000 Net Profit: $75,928 Remuneration / Body Corp Salary: $57,693Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $450,000Bedrooms: 3Bathrooms: 1Car Spaces: 1Pets OK: Yes

Complex Information

Complex Type: PermanentTotal Units in Complex: 38Total Units in Letting Pool: 14Agreement Module: StandardAgreement Term: 20 yearsAgreement Term Remaining: 19 yearsPool: Yes

Marketing Agent

Leo Liu

0467 57....

Onsite Management Rights

Key Investment Insights

1. Centrally located complex with easy access to The Broadwater and water activities.
2. Flexible working hours with no set office hours.
3. Supportive body corporate and committee.
4. Long agreement with 18 years remaining.
5. Low maintenance property, suitable for a sole operator or couple looking for work-life balance.
6. Potential for additional income from simple maintenance jobs.
7. Close to public transportation and amenities.
8. Proximity to quality schools, university, hospital, and popular shopping destinations.
9. Reasonable asking price of $710,000 with a net profit of $75,928.
10. Manager's unit valued at $450,000 with 3 bedrooms, 1 bathroom, and 1 car space.
11. Permanent complex with 38 units and 14 units in the letting pool.
12. Standard agreement module with 20 years term and 19 years remaining.
13. On-site pool for residents.

Management Rights Multiplier: 3.42
ROI Estimate: 29.20%