Labrador, Queensland

Labrador - Mixed Letting - Sold & Settled - 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

Phil Trimble

MR Sales

Key Investment Insights

- Stylish mid rise complex with 55 units in the letting pool
- Large office/reception attached and on title
- Potential to secure residential sales in the complex
- No office hours, providing flexibility for the managers
- Facilities include a 25m heated swimming pool, 2 BBQ entertainment areas, fully equipped gym, heated spa and sauna, free parking, high speed Wi-Fi
- Net profit of $465,362
- Managers apartment valued at $660,000
- Mixed complex with a total of 158 units, with 87 owner-occupied and 15 managed by outside agents
- Accommodation agreement module with a 25-year term.

Management Rights Multiplier: 4.62
ROI Estimate: 21.64%