Labrador, Queensland

Luxury Waterfront Living High Income - ID 8967

$2,450,000

Business Description

Permanent Management Rights for Sale
Less Work with Flexible Hours

- Very limited work with the flexibility to work at your own pace.

- No set office hours, only mobile contactable for convenience.

- Well-maintained high-quality waterfront building.

- High body corporate salary of $178,966 plus GST.

- 25 years' long-term agreement with 20 years remaining.

- High net operating profit of $221,800.

- All permanent rentals in a large complex with a letting pool of 10, presenting great potential for additional income.

- High-quality, spacious, modern apartment with 2 bedrooms, 2 bathrooms, 2 security car parking spaces, air conditioning, and fans.

- Professional front desk, office, and storage facilities; pet-friendly.

- Beautiful and peaceful waterfront environment.

- Great location, close to cafes, restaurants, public transport, parks, shops, etc.

Total asking price is only $2,450,000 including very spacious high-quality modern waterfront manager unit. (real estate $1,350,000; business $1,100,000).

If you want the best waterfront quality living with high-income, less work and more free time, this is the one you can’t afford to miss.

Net Profit: $221,800
Asking Price: $2,450,000
(Inclusive of manager's real estate)

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

Property Code: 742

Business Summary

Business Snapshot

Price: $2,450,000 Net Profit: $221,800 Remuneration / Body Corp Salary: $173,000

Managers Unit

Value of Managers Apartment: $1,350,000Bedrooms: 2Bathrooms: 2Car Spaces: 2Pets OK: Yes
Fully renovated apartment, 2 bedrooms, 2 bathrooms, 2 security car parking spaces, air conditioning, ceiling fans, storage space

Complex Information

Complex Type: PermanentTotal Units in Complex: 92Total Units in Letting Pool: 10Owner Occupy Units: 64Outside Agent Units: 3Lockup Units: 14Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 20 yearsPool: YesSpa: YesSauna: YesGym: YesBBQ Area: Yes

Key Investment Insights

Management Rights Multiplier: 4.96
ROI Estimate: 20.16%

Listing location
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