Labrador, Queensland

Labrador Gem: Manage with Ease, Live the Dream!

$100K MR & $550k Unit = Total $650K

Business Description

This fully established complex, just 100 meters from the Broadwater, offers residents a prime location with easy access to walking trails, dining, and entertainment options, making it perfect for those seeking a balanced work/life lifestyle.

Located in the vibrant suburb of Labrador, this complex is close to major shopping centers, top educational institutions, and popular coastal attractions, enhancing its appeal as a highly sought-after location. Highlights of living in Labrador include its relaxed waterside lifestyle, proximity to parks and recreational facilities, and a friendly community atmosphere.

The complex comprises 28 units, with 6 in the letting pool, and is easy to manage with low-maintenance tropical gardens, easy-care surroundings, and a pool/BBQ deck. With 10 units currently managed by external agents, there is substantial potential to boost the annual net income. The complex generates an approximate net profit of $55,000.

The manager’s unit is a cozy 2-bedroom, 1-bathroom apartment featuring a private covered courtyard off the living room, ideal for unwinding. There are no set working hours required; the manager just needs to be reachable during business hours, allowing for a flexible lifestyle.

Additional features include a spacious "on-title" office with ample storage, separate storage, and work areas located in the secure basement. The complex ensures safety with front gate entry and secure underground parking for all units. The current manager has cultivated a positive relationship with the body corporate, and all tenants are long-term residents, contributing to a stable and well-maintained community

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

Business Summary

Business Snapshot

Price: $100K MR & $550k Unit = Total $650K Net Profit: $54,748 Remuneration / Body Corp Salary: $47,685

Managers Unit

Value of Managers Apartment: $550,000Bedrooms: 2Bathrooms: 1Car Spaces: 1

Complex Information

Complex Type: PermanentTotal Units in Complex: 28Total Units in Letting Pool: 6Owner Occupy Units: 12Outside Agent Units: 10Agreement Term: 25 yearsAgreement Term Remaining: 20 years

Marketing Agent

Adam Partridge

0429 38....

Ras360

Key Investment Insights

1. Prime location just 100 meters from the Broadwater, offering a balanced work/life lifestyle.
2. Close proximity to major shopping centers, top educational institutions, and popular coastal attractions.
3. Vibrant and relaxed waterside lifestyle in the suburb of Labrador.
4. Low-maintenance tropical gardens and easy-care surroundings.
5. Potential to boost annual net income through managing 10 units currently managed by external agents.
6. Cozy 2-bedroom, 1-bathroom manager's unit with a private covered courtyard.
7. Flexible working hours with no set schedule.
8. Spacious "on-title" office with ample storage and separate work areas.
9. Secure complex with front gate entry and underground parking.
10. Positive relationship with body corporate and long-term tenants.
11. Specializing in management rights, motels, hotels, pubs, and parks.
12. Total price of $650,000 for both management rights and unit.
13. Net profit of $54,748 and remuneration/body corp salary of $47,685.
14. Permanent complex with 28 units, 6 in the letting pool, and 12 owner-occupied units.
15. 25-year agreement term with 20 years remaining.

Management Rights Multiplier: 1.83
ROI Estimate: 54.75%