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 $173,081 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: YesFully 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
1. Limited work with flexible hours allows for a better work-life balance.
2. High body corporate salary of $173,081 plus GST provides a stable source of income.
3. Long-term agreement of 25 years with 20 years remaining offers security and stability.
4. High net operating profit of $221,800 indicates a successful and profitable business.
5. Potential for additional income through a large letting pool of 10 permanent rentals.
6. Modern and spacious 2 bedroom, 2 bathroom manager's unit with 2 security car parking spaces.
7. Professional front desk, office, and storage facilities make for a well-managed complex.
8. Pet-friendly environment adds to the appeal for potential tenants.
9. Beautiful waterfront location with easy access to amenities such as cafes, restaurants, and public transport.
10. Total asking price of $2,450,000 includes a spacious and high-quality waterfront manager's unit.
11. Ideal opportunity for those seeking a high-income, low-work lifestyle.
Management Rights Multiplier: 4.96
ROI Estimate: 20.16%
