Labrador, Queensland

Short Stay Net Over $298K Gold Coast

$995K MR & $650k Unit = Total $1.645M

Business Description

Enviably located on prime coastal land, directly opposite the sparkling waters of a world-famous Broadwater, is the opportunity to secure the Management Rights to one of the Northern Gold Coasts' most impressive short-stay resorts.

Boasting a high net profit of over $298,000, backed by a solid BC salary of $61,700 with 20 years remaining on the agreements, this lucrative business provides superb security of tenure complemented by a Two-bedroom, two-bathroom, two-car manager's residence.

Opportunity beckons for the right people to continue growing this cracking business while enjoying the Coastal lifestyle it delivers.

- Unparalleled location - direct ocean views
- Room to grow and add value via R&M + increasing letting pool
- Strong BC salary and high net profit
- Lifestyle flexibility - no set office hours
- 2 bed, 2 bath, 2 car manager's residence with separate office on title
- Consistent performing business
- Fantastic business in high demand growth area
- Excellent Body Corporate rapport and support

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

Business Summary

Business Snapshot

Price: $995K MR & $650k Unit = Total $1.645M Net Profit: $298,513 Remuneration / Body Corp Salary: $61,702

Managers Unit

Value of Managers Apartment: $650,000Bedrooms: 2Bathrooms: 2Car Spaces: 2

Complex Information

Complex Type: Resort / HolidayTotal Units in Complex: 42Total Units in Letting Pool: 22Owner Occupy Units: 20Agreement Term: 25 yearsAgreement Term Remaining: 22 years

Marketing Agent

Paul Mueller

0439 25....

Ras360

Key Investment Insights

1. Prime coastal location with direct ocean views
2. High net profit of over $298,000
3. Solid BC salary of $61,700
4. Long remaining agreements of 20 years
5. Two-bedroom, two-bathroom, two-car manager's residence included
6. Potential for growth through R&M and increasing letting pool
7. Lifestyle flexibility with no set office hours
8. Consistent performing business
9. High demand growth area
10. Excellent Body Corporate rapport and support
11. Total price of $1.645 million, including MR and unit
12. Manager's unit valued at $650,000
13. 22 out of 42 units in the letting pool
14. 20 owner-occupied units
15. 25-year agreement term with 22 years remaining.

Management Rights Multiplier: 3.33
ROI Estimate: 30.00%