Labrador, Queensland

Work Life Balance Opportunity...Contactable Office Hours and 500K Net Profit

$2.39M MR AND $600K UNIT = Total $2.99M

Business Description

Ras360 presents an outstanding opportunity to acquire a thriving holiday management rights business in one of the Gold Coast’s most tightly held Broadwater locations, delivering an impressive $500K net profit, underpinned by a $198K Body Corporate salary and a strong 17% ROI.

Set across seven levels, the complex comprises 66 apartments, with 31 currently in the letting pool. The majority are short-term holiday lets, featuring compact, guest-friendly layouts that appeal to visitors over long-term tenants—helping to maintain a stable and easily managed pool.

Guests enjoy a well-rounded mix of amenities that enhance their experience without overburdening the onsite management. Facilities include a rooftop heated pool and spa with sweeping Broadwater views, a second pool and spa at ground level, a full-size tennis court, gym, sauna, and barbecue areas. All amenities are well-maintained, practical, and simple to service—making the caretaking role highly efficient and easily manageable.

A key advantage of this business is the flexibility around office hours, which are contactable only, meaning the manager is not required to physically sit in the office. This provides genuine lifestyle balance and operational freedom rarely seen in similar complexes. Additionally, an approved nominee can reside in the manager’s unit, offering further flexibility for incoming operators or investors who prefer not to live onsite full-time.

The manager’s residence and on-title office configuration is another standout. The unit includes 1.5 bedrooms, 1 bathroom, and open-plan living with air conditioning, offering comfortable and private accommodation. Adjoining this is a generously sized reception office and separate staff lunch room—all included on title. This expansive footprint not only adds operational ease but also strengthens the long-term value and security of the management rights.

The current owner is stepping away due to family circumstances, presenting a rare opportunity to acquire a high-yield, lifestyle-friendly business with secure agreements, a blue-chip waterfront location, and clear potential for further growth.

Business Summary

Business Snapshot

Price: $2.39M MR AND $600K UNIT = Total $2.99M Net Profit: $500,450 Remuneration / Body Corp Salary: $197,923

Managers Unit

Value of Managers Apartment: $600,000Bedrooms: 2Bathrooms: 1Car Spaces: 1

Complex Information

Complex Type: PermanentTotal Units in Complex: 66Total Units in Letting Pool: 31Owner Occupy Units: 34Outside Agent Units: 1Agreement Term: 25 yearsAgreement Term Remaining: 19 years
Marketing Agent
Greg Litzner
Greg Litzner

Paul Mueller
Paul Mueller

Key Investment Insights

1. $500,450 annual net profit, supported by a $197,923 Body Corporate salary, delivering an advertised 17% ROI.
2. Total purchase structure $2.99M, comprising $2.39M management rights and a $600K manager’s unit.
3. Manager’s apartment included on title, valued at $600K, configured with 2 bedrooms, 1 bathroom and one car space, plus air conditioning.
4. On-title reception office and separate staff lunch room adjoin the manager’s residence, expanding operational footprint and asset security.
5. Complex of 66 apartments, with 31 units currently in the letting pool, majority operating as short-term holiday lets with guest-friendly layouts, supporting stable, easily managed occupancy.
6. High owner-occupier presence with 34 owner-occupy units and only one outside agent, indicating a tightly held, lower-competition environment.
7. Strong amenity offering including rooftop heated pool and spa with sweeping Broadwater views, a second pool and spa, full-size tennis court, gym, sauna and barbecue areas, all described as practical and simple to service.
8. Contactable-only office hours and ability to appoint an approved nominee to reside in the manager’s unit, enabling genuine work–life balance and operational flexibility.
9. Long-term agreement structure, 25 year term with 19 years remaining, providing contractual security and continuity of income.
10. Prime Broadwater waterfront location on the Gold Coast, described as blue-chip and tightly held, supporting demand and potential for further growth.

Management Rights Multiplier: 4.80
ROI Estimate: 20.85%

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