Labrador, Queensland

Under Contract - Mixed Letting Management Rights - ID 7901

SOLD

Business Description

Under Contract
Gold Coast Management Rights For Sale


- Stylish mid rise complex
- 55 in the letting pool
- Large office/reception attached and on title
- REI Master software
- Potential to secure residential sales in the complex
- No office hours, however the current managers attend the office with flexible hours

The complex offers facilities including a 25m heated swimming pool, 2 BBQ entertainment areas, fully equipped gym, heated spa and sauna, free parking, high speed Wi-Fi.

* Confidentiality Conditions Apply *

Net Profit: $465,362
Asking Price: $2,810,000
(Inclusive of manager's real estate)

For further information or to arrange an inspection of this Gold Coast Management Rights business for sale contact:

Management Rights Broker
Phil Trimble

Property Code: 486

Business Summary

Business Snapshot

Price: SOLD Net Profit: $465,362

Managers Unit

Value of Managers Apartment: $660,000Bedrooms: 1Bathrooms: 1Car Spaces: 1Office: On Title
Open plan design, Light and spacious

Complex Information

Complex Type: MixedTotal Units in Complex: 158Total Units in Letting Pool: 55Owner Occupy Units: 87Outside Agent Units: 15Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 years
Marketing Agent

Key Investment Insights

- Stylish mid-rise complex with a total of 158 units
- 55 units in the letting pool, providing a steady source of income
- Large office/reception attached and on title, providing convenience for the managers
- REI Master software, making management tasks more efficient
- Potential to secure residential sales in the complex, providing additional income opportunities
- No office hours, allowing for a flexible work schedule
- Excellent facilities including a heated swimming pool, BBQ areas, gym, spa, sauna, and free parking
- High-speed Wi-Fi available for guests
- Net profit of $465,362, providing a strong return on investment
- Managers apartment with a value of $660,000, providing a comfortable living space for the managers
- 25-year agreement term, providing long-term stability for the business
- Located in the popular Gold Coast area, offering a desirable location for guests and potential buyers.

Management Rights Multiplier: 4.62
ROI Estimate: 21.64%

Listing location

This Business is sold

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