Labrador, Queensland

Tranquil, Elegant and Lifestyle!!

$2,350,000

Business Description

Tranquil, Elegant and Lifestyle!!

A permanent hi-rise complex designed to impress with its sprawling entrance and open spaces. Quality is unquestionable with a minimalist and homely style that embraces the concept of light, space and natural airflow in its design.

This complex design encourages you to enjoy the sunrises and sunsets through the floor to ceiling glass walls to make you truly appreciate its privileged location. Enjoy strolls in the park or along the Broadwater to the nearby restaurants as you step out of the complex.

In this exclusive complex, residents will also relish in five star amenities including a resort style swimming pool, sauna, spa, residents lounge, BBQ facilities, and an entertainment area. Exceptional lifestyle appeal combined with unparalleled views and luxury; this is what dreams are made of.

As you step inside the beautifully renovated managers 2 bedroom, 2 bathroom apartment, you will feel a sense of grandeur with a spacious open plan living area that flows directly out onto a surround balcony, where you can fully appreciate the stunning Broadwater views that can never be built out. Floor to ceiling windows and glass sliding doors maximize the gorgeous views from inside and allow natural light to flood the space.

To arrange an inspection call: Gavin

Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.

Business Summary

Business Snapshot

Price: $2,350,000 Net Profit: $232,000 Remuneration / Body Corp Salary: $179,000

Managers Unit

Value of Managers Apartment: $1,250,000Bedrooms: 2Bathrooms: 2Car Spaces: 2Office: On TitlePets OK: Yes

Complex Information

Complex Type: PermanentTotal Units in Complex: 92Total Units in Letting Pool: 14Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 24 yearsPool: YesSpa: YesSauna: YesGym: YesBBQ Area: YesFunction Facilities: Yes

Marketing Agent

Gavin Mattig

0409 60....

Gavern Property - Management Rights

Key Investment Insights

1. The business is a permanent hi-rise complex with a minimalist and homely design.
2. The complex boasts five-star amenities including a resort-style pool, sauna, spa, and BBQ facilities.
3. The complex is located in a prime location with stunning views of the Broadwater.
4. The managers' 2 bedroom, 2 bathroom apartment has been beautifully renovated and offers spacious living areas and a surround balcony.
5. The apartment has floor to ceiling windows and glass sliding doors to maximize the views and natural light.
6. The business has a net profit of $232,000 and a remuneration/body corp salary of $179,000.
7. The managers' apartment is valued at $1,250,000 and is pet-friendly.
8. The complex has a total of 92 units with 14 units in the letting pool.
9. The agreement module is accommodation with a term of 25 years and 24 years remaining.
10. The complex also offers a pool, spa, sauna, gym, BBQ area, and function facilities.

Management Rights Multiplier: 4.74
ROI Estimate: 21.09%