Labrador, Queensland

Exclusive Mixed Use Apartment Management Rights - ID 9181

$3,195,000

Business Description

Management Rights For Sale - Price Drop
Labrador - Overlooking the Gold Coast Broadwater

- Superior style apartments

- 146 lots with 43 in the letting pool

- Superb lifestyle facilities

- Long agreements with over 17 years remaining

- Body corporate salary $252,900 inclusive of GST

- Large reception and back office on title

- REI Cloud property management system

- Sinking fund balance of over $1,050,000

- Supportive and proactive body corporate

- Elevated 2 bedroom, 2 bathroom manager's residence

The complex is located in Labrador on the Gold Coast, situated on the panoramic Broadwater with easy access to Gold Coast theme parks, Marina Mirage and Harbour town shopping, dining and entertainment precinct. Perfectly positioned to enjoy all that the Gold Coast has to offer.

Net Profit: $450,800
Asking Price: $3,195,000
(Inclusive of manager's real estate)

For further information or to arrange an inspection of this Gold Coast Management Rights opportunity contact:

Exclusive Management Rights Brokers
Phil Trimble & Gerard Dixon

Property Code: 952

Business Summary

Business Snapshot

Price: $3,195,000 Net Profit: $450,800 Remuneration / Body Corp Salary: $252,900

Managers Unit

Value of Managers Apartment: $890,000Bedrooms: 2Bathrooms: 2Car Spaces: 1Office: On TitlePets OK: Yes

Fully self contained, light & spacious with open plan living areas. Two comfortable bedrooms and two well designed bathrooms plus a separate laundry and a well appointed kitchen. Large balcony for alfresco dining. One exclusive use car park on title plus additional storage. The apartment is air conditioned and also includes ceiling fans. A pet is permitted with Body Corporate approval. The managers office/reception area is attached to the residence and is on title.

Complex Information

Complex Type: MixedTotal Units in Complex: 146Total Units in Letting Pool: 43Owner Occupy Units: 74Outside Agent Units: 9Lockup Units: 17Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 17 yearsPool: YesSpa: YesSauna: YesGym: YesWIFI: Yes

Marketing Agent

Phil Trimble

Gerard Dixon

MR Sales

Key Investment Insights

1. Net profit $450,800 against an asking price of $3,195,000, sale price inclusive of manager’s real estate.
2. Body corporate salary/remuneration $252,900 inclusive of GST, providing stable recurring cashflow.
3. Long agreements, 25 year module with 17 years remaining, offering contract stability.
4. Large sinking fund balance of over $1,050,000, indicating strong capital reserves for future works.
5. Manager’s apartment on title, elevated 2 bedroom 2 bathroom residence valued at $890,000, includes one exclusive car space and attached reception/office.
6. Reception and back office on title, supporting on-site administration and operations.
7. REI Cloud property management system in use, enabling modern property and letting management.
8. Complex mix of 146 lots with 43 in the letting pool, 74 owner-occupied, 9 outside agent units and 17 lockup units, showing diversified income sources and owner engagement.
9. Comprehensive lifestyle facilities include pool, spa, sauna, gym and WiFi, enhancing letting appeal and resident satisfaction.
10. Prime Labrador location overlooking the Gold Coast Broadwater, with easy access to theme parks, Marina Mirage, Harbour Town shopping, dining and entertainment.
11. Supportive and proactive body corporate, which reduces governance risk and aids ongoing estate management.

Management Rights Multiplier: 5.11
ROI Estimate: 19.56%