Labrador, Queensland
1.83x MLR Bargain - Under $700K with No Office Hours or Live-Onsite
Under Contract / Offer
Business Description
1.83x MLR Bargain – Under $700K with No Office Hours or Live-Onsite
This is one of the best-value entries into the Gold Coast MLR market - priced at just $698,000 with a 1.83x net profit multiple, zero office hours, and no live-on-site requirement. Set in popular Labrador, this tidy complex is just 100m from the Broadwater and delivers a reliable $54,748 net profit p.a., supported by a $100K business component and a well-kept 2-bed, 1-bath, 1-car manager’s unit valued at $598K.
Perfect for part-time operators, semi-retirees, or investors looking to outsource, this management rights package offers complete flexibility under a 20-year accommodation module. The 6-unit letting pool provides stable recurring income, while 10 additional units are managed externally — ready for you to convert and increase revenue immediately.
Residents enjoy access to resort-style facilities including a sparkling pool and BBQ deck, all with minimal upkeep. The gardens are low maintenance, and the lock-up garage adds further ease for the manager.
Location Highlights
Just steps from the Broadwater’s walking trails, parks, and fishing spots, this location is a lifestyle drawcard. Harbourtown, Australia Fair, and local cafés are minutes away. Quality schools and universities are nearby, and public transport links you directly to Southport, Surfers Paradise, and the motorway.
Why This Is a Smart Buy
With a low 1.83x multiple, no live-on-site or office hour requirements, and 10 external units ready to convert, this is a flexible, high-potential opportunity. The long 20-year agreement and under-$700K price point make it ideal for investors or semi-retirees seeking stable income with room to grow.
**Ras360 – Specialists in Management Rights | Motels | Hotels | Pubs | Parks**
Business Summary
Business Snapshot
Price: Under Contract / Offer
Net Profit: $54,748 Remuneration / Body Corp Salary: $47,685
Managers Unit
Bedrooms: 2Bathrooms: 1Car Spaces: 1Complex 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
Key Investment Insights
1. Priced under $700,000 at $698,000, offering an entry-level Gold Coast MLR purchase with a low 1.83x net profit multiple.
2. Generates $54,748 net profit per annum, with $47,685 listed as remuneration/body corporate salary.
3. No office hours and no live-on-site requirement, enabling part-time or absentee management.
4. Manager’s 2-bedroom, 1-bath, 1-car unit included and valued at $598,000, reducing operator accommodation costs.
5. Agreement has 20 years remaining, providing long-term income security and contract stability.
6. Current letting pool comprises 6 units within a 28-unit complex, creating stable recurring income.
7. Ten externally managed units present immediate upside through conversion into the letting pool to increase revenue.
8. Minimal operational upkeep, with resort-style amenities including a pool, BBQ deck, low-maintenance gardens, and a lock-up garage.
9. Prime Labrador location, approximately 100 metres from the Broadwater, with easy access to walking trails, parks and fishing spots.
10. Close proximity to Harbourtown, Australia Fair, local cafés, quality schools and universities, and public transport links to Southport, Surfers Paradise and the motorway.
11. Suited to part-time operators, semi-retirees or investors seeking an outsourcable, flexible management rights package.
12. Complex composition includes 12 owner-occupy units and 10 outside-agent managed units, indicating mixed tenancy and potential for operational optimisation.
