Labrador, Queensland

"Labrador Gem: Manage with Ease, Live the Dream!"

$120K MR & $550k Unit = Total $670K

Business Description

This fully established complex, just 100 meters from the Broadwater, offers residents a prime location with easy access to walking trails, dining, and entertainment options, making it perfect for those seeking a balanced work/life lifestyle.

Located in the vibrant suburb of Labrador, this complex is close to major shopping centers, top educational institutions, and popular coastal attractions, enhancing its appeal as a highly sought-after location. Highlights of living in Labrador include its relaxed waterside lifestyle, proximity to parks and recreational facilities, and a friendly community atmosphere.

The complex comprises 28 units, with 6 in the letting pool, and is easy to manage with low-maintenance tropical gardens, easy-care surroundings, and a pool/BBQ deck. With 10 units currently managed by external agents, there is substantial potential to boost the annual net income. The complex generates an approximate net profit of $61,000.

The manager’s unit is a cozy 2-bedroom, 1-bathroom apartment featuring a private covered courtyard off the living room, ideal for unwinding. There are no set working hours required; the manager just needs to be reachable during business hours, allowing for a flexible lifestyle.

Additional features include a spacious "on-title" office with ample storage, separate storage, and work areas located in the secure basement. The complex ensures safety with front gate entry and secure underground parking for all units. The current manager has cultivated a positive relationship with the body corporate, and all tenants are long-term residents, contributing to a stable and well-maintained community

**Ras360 – Specialists in Management Rights | Motels | Hotels | Pubs | Parks**

Business Summary

Business Snapshot

Price: $120K MR & $550k Unit = Total $670K Net Profit: $61,000 Remuneration / Body Corp Salary: $45,000

Managers Unit

Value of Managers Apartment: $550,000Bedrooms: 2Bathrooms: 1Car Spaces: 1

Complex Information

Complex Type: PermanentTotal Units in Complex: 28Total Units in Letting Pool: 6Owner Occupy Units: 10Outside Agent Units: 10Agreement Term: 25 yearsAgreement Term Remaining: 23 years

Marketing Agent

Adam Partridge

0429 38....

Ras360

Key Investment Insights

1. Prime location just 100 meters from the Broadwater, with easy access to walking trails, dining, and entertainment options.
2. Located in the vibrant and popular suburb of Labrador, close to major shopping centers, top educational institutions, and coastal attractions.
3. 28-unit complex with 6 units in the letting pool, offering a low-maintenance and easy-to-manage property.
4. Potential to increase annual net income by managing the 10 units currently managed by external agents.
5. Manager's unit is a cozy 2-bedroom, 1-bathroom apartment with a private covered courtyard, allowing for a flexible lifestyle.
6. Additional features include a spacious office, separate storage, and secure underground parking for all units.
7. Positive relationship with the body corporate and long-term residents contribute to a stable and well-maintained community.
8. Offered at a total price of $670,000, with a net profit of $61,000 and a remuneration/body corp salary of $45,000.
9. Permanent complex with a 25-year agreement term, with 23 years remaining.
10. Listed by Ras360, specialists in management rights, motels, hotels, pubs, and parks.

Management Rights Multiplier: 1.97
ROI Estimate: 50.83%