Labrador, Queensland

Permanent Management Rights in Labrador

$795,000

Property Description

This complex of 21, 3-bedroom 2-bath townhouses in Labrador, is located with quick access to the Broadwater, Harbourtown shopping and dining precincts as well as top level schools, healthcare and transport yet it is in a peaceful pocket away from the hustle and bustle.

- 25-year agreement has 19 years to run,
- Current manager lives off site,
- Net income of over $64K, plus rental income from the impressive manager’s townhouse.
- A separate managers office on the title to work from.
- No fixed office hours.
- Caretaking requirements with the grounds, pool and BBQ area easily maintained and covered by one person working just a few hours per day.
- 3 units managed by outside agents presents an additional income opportunity
- Existing 13 units in the letting pool would be easy enough for a first timer or a couple looking to downsize their work load.

Be quick to enquire as this one ticks the boxes so will attract strong interest

Property Summary

Business Snapshot

Price: $795,000 Net Profit: $64,855 Remuneration / Body Corp Salary: $32,705

Managers Unit

Value of Managers Apartment: $575,000Bedrooms: 3Bathrooms: 2Car Spaces: 2

Complex Information

Complex Type: PermanentTotal Units in Complex: 21Total Units in Letting Pool: 13Holiday Units: 13Owner Occupy Units: 5Outside Agent Units: 3Agreement Term: 25 yearsAgreement Term Remaining: 19 years
Marketing Agent
Tony Ede
Tony Ede

    RAAS Property Group

    RAAS Property Group

    Listing location
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