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