Labrador, Queensland

Broadwater Living!!

$2,500,000

Business Description

Broadwater Living!!

Idyllic and sought after Holiday Complex with sought after opportunity.

An excellent opportunity exists to acquire your own piece of paradise directly opposite the Broadwater in the much sought-after suburb of Labrador.

Imagine yourself here enjoying the lifestyle you deserve. Take advantage of the large in ground swimming pool, spa, and BBQ area the complex offers. Images might not depict this complex.

Compact 2-bedroom, 2-bathroom Managers apartment with main en-suite bedroom leading out to a wrap-around balcony with views of the Broadwater. Open plan lounge and dining area, and a compact fully equipped kitchen. Two secure car spaces and storage.

To arrange an inspection please 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: $2,500,000 Net Profit: $441,200 Remuneration / Body Corp Salary: $71,900

Managers Unit

Value of Managers Apartment: $750,000Bedrooms: 2Bathrooms: 2Car Spaces: 2Office: On Title

Complex Information

Complex Type: HolidayTotal Units in Complex: 42Total Units in Letting Pool: 31Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 15 yearsPool: YesSpa: YesBBQ Area: YesWIFI: Yes

Marketing Agent

Gavin Mattig

0409 60....

Gavern Property - Management Rights

Key Investment Insights

1. Asking price $2,500,000 with reported net profit $441,200, implying an approximate net yield of 17.6% on asking price.
2. Managers apartment on title valued at $750,000, providing significant on-site owner accommodation or asset value.
3. Managers apartment is compact but well appointed, 2 bedrooms, 2 bathrooms, main en-suite, wrap-around balcony with Broadwater views, two secure car spaces and storage.
4. Annual remuneration / body corporate salary of $71,900 separate to net profit, indicating structured manager compensation.
5. Located directly opposite the Broadwater in the sought-after suburb of Labrador, strong lifestyle and tourist appeal.
6. Holiday complex amenities include large in-ground pool, spa, BBQ area and WiFi, enhancing guest experience and yield potential.
7. Medium-sized complex with 42 total units, providing scale while remaining manageable for on-site management.
8. 31 of 42 units (about 73.8%) are in the letting pool, indicating a high proportion of income-generating inventory.
9. Accommodation agreement originally 25 years with 15 years remaining, offering medium-term contractual continuity for operations.
10. Manager’s office is on title, supporting formal on-site management and operational control.
11. Images may not depict this complex and buyer due diligence is advised, as noted in the vendor disclaimer.

Management Rights Multiplier: 3.97
ROI Estimate: 17.65%