Labrador, Queensland
Business Only In Labrador
$320k - Business Only
Business Description
Management Rights for Villas on Central
Villas on Central offers an exceptional opportunity to acquire management rights in a boutique residential complex located in the heart of Labrador. This well-maintained community comprises 37 townhome-style units, with 2 currently in the letting pool, ensuring a manageable and profitable operation.
Key Features:
Stable Income Stream: Benefit from a strong Body Corporate salary, providing consistent and reliable income.
Low Maintenance Responsibilities: The complex features no additional facilities such as pools or gyms, minimizing upkeep and operational demands.
Desirable Location: Situated in Labrador, residents enjoy proximity to the Broadwater, major shopping centers, reputable schools, and efficient public transport options.
Growth Potential: With only 2 units in the letting pool, there is significant opportunity to expand the rental portfolio within the complex.
This opportunity is ideal for first-time management rights purchasers or as a strategic addition to an existing portfolio, offering a harmonious blend of lifestyle and income.
**Ras360 – Specialists in Management Rights | Motels | Hotels | Pubs | Parks**
Business Summary
Business Snapshot
Price: $320k - Business Only
Net Profit: $53,500 Remuneration / Body Corp Salary: $46,505
Complex Information
Complex Type: PermanentTotal Units in Complex: 37Total Units in Letting Pool: 2Owner Occupy Units: 13Outside Agent Units: 22Agreement Term: 25 yearsAgreement Term Remaining: 22 years
Key Investment Insights
1. Stable income stream from strong Body Corporate salary
2. Low maintenance responsibilities due to lack of additional facilities
3. Desirable location near Broadwater, shopping centers, schools, and public transport
4. Potential for growth by expanding rental portfolio within the complex
5. Ideal opportunity for first-time management rights purchasers or as a strategic addition to an existing portfolio
6. Offer a harmonious blend of lifestyle and income
7. Business only sale for $320,000
8. Net profit of $53,500
9. Remuneration/Body Corp Salary of $46,505
10. Permanent complex with 37 units
11. Only 2 units currently in the letting pool
12. 13 owner-occupied units and 22 outside agent units
13. Agreement term of 25 years with 22 years remaining.
