Labrador, Queensland

Premier Waterfront Business with Fabulous Views

$1,889,000

Business Description

Very well presented holiday highrise building in prime location with amazing Broadwater and skyline views.

Conveniently located close to parks, restaurants/cafes and public transport, and just 10 minutes to major shopping at Harbour Town and Australia Fair.

Guests can choose from either spacious 2 bedroom units or 3 bedroom penthouse apartments all with wonderful views.

Excellent 2 bedroom, 2 bathroom manager's residence with the rare benefit of living areas and balcony overlooking the Broadwater.

Very manageable common area workload coupled with easycare grounds to maintain.

The business has performed very well and has been minimally impacted by Covid with the net profit now higher than when the sellers purchased.

Sellers are now ready to retire after 6 years, and this creates an opportunity for the new purchaser to acquire a very stable business with an impressive managers unit combined with lifestyle living in a waterfront location.

NET PROFIT $235,252 per annum

Property Code: 942

Business Summary

Managers Unit

Complex Information

Marketing Agent
Deborah Tilley
Deborah Tilley

Premier Business Sales

Premier Business Sales

Key Investment Insights

1. Prime waterfront location with stunning Broadwater and skyline views
2. Conveniently located near parks, restaurants/cafes, and public transport
3. Variety of spacious 2 bedroom units and 3 bedroom penthouse apartments
4. Excellent 2 bedroom, 2 bathroom manager's residence with balcony overlooking the Broadwater
5. Manageable common area workload and easy to maintain grounds
6. Stable business with minimal impact from Covid
7. Net profit higher than when the sellers purchased
8. Opportunity for new purchaser to acquire a stable business and lifestyle living
9. Impressive managers unit combined with waterfront location
10. Net profit of $235,252 per annum.
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