Labrador, Queensland

Strong Income + Long-Term Agreements + Rare Title-Backed Office

PRICE REDUCTION! $2.39M MR & $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.

Set across seven levels, the complex comprises 66 apartments, with 31 currently in the letting pool. The majority are short-term holiday lets, with 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 elevate the experience without overburdening the onsite manager. These 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 facilities are well-maintained, practical, and simple to service, perfectly suited to the caretaking role and day-to-day management without the need for specialist staff.

A standout feature is the manager’s residence and on-title office configuration. The unit includes two bedrooms, one 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 enhances the long-term value and security of the management rights.

The current owner is stepping away due to family circumstances, presenting a rare chance to acquire a well-established, consistently performing business.

With secure agreements, a blue-chip waterfront location, and clear scope for growth, this is an opportunity not to be missed.

**Ras360 – Specialists in Management Rights | Motels | Hotels | Pubs | Parks**

Business Summary

Business Snapshot

Price: PRICE REDUCTION! $2.39M MR & $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. Price reduced offering, total acquisition $2.99M comprising $2.39M management rights and $600K manager’s unit.
2. Strong financial performance, reported net profit $500,450.
3. Significant manager remuneration, body corporate salary/remuneration $197,923.
4. Title-backed manager’s residence and on-title office, includes two-bedroom unit, reception office and separate staff lunch room, enhancing operational security and asset value.
5. Long-term secured income via management agreement, original term 25 years with 19 years remaining.
6. Complex scale supports economies of management, 66 apartments with 31 currently in the letting pool.
7. Customer-focussed inventory, majority of units are short-term holiday lets with compact guest-friendly layouts, aiding stable, easily managed occupancy.
8. Blue-chip Broadwater waterfront location on the Gold Coast, described as tightly held and offering strong location appeal and Broadwater views.
9. Resort-style amenities that are practical to manage, rooftop heated pool and spa with sweeping views, second pool and spa, full-size tennis court, gym, sauna and barbecue areas.
10. Low specialist staffing requirement, facilities described as simple to service and well suited to the caretaking role, supporting lean operating model.

Management Rights Multiplier: 4.80
ROI Estimate: 20.85%

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