Labrador, Queensland
Exclusive - Iconic Mixed Use Apartments - 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 Harbourtown 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: YesFully 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
Key Investment Insights
Management Rights Multiplier: 5.11
ROI Estimate: 19.56%
