Labrador, Queensland

Tranquility, Elegance and Lifestyle Abounds!!

$2,290,000

Business Description

Tranquility, Elegance and Lifestyle Abounds!!

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: $2,290,000 Net Profit: $230,000 Remuneration / Body Corp Salary: $192,000

Managers Unit

Value of Managers Apartment: $1,300,000Bedrooms: 2Bathrooms: 2Car Spaces: 1Office: On Title

Complex Information

Complex Type: PermanentTotal Units in Complex: 98Total Units in Letting Pool: 14Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 22 yearsPool: YesSpa: YesSauna: YesGym: YesBBQ Area: Yes

Marketing Agent

Gavin Mattig

0409 60....

Gavern Property - Management Rights

Key Investment Insights

AI generated. Confirm details with the seller.

1. Asking price $2,290,000, with reported net profit $230,000 and owner remuneration/Body Corp salary $192,000, indicating substantial cashflow relative to price.
2. Managers 2 bedroom, 2 bathroom apartment is renovated, valued at $1,300,000, includes one car space and an on‑title office, representing significant embedded asset value.
3. Permanent hi‑rise complex of 98 total units, providing scale and potential operational stability.
4. Letting pool comprises 14 units, offering a defined revenue stream within the broader complex.
5. Long‑dated accommodation agreement, 25 year term with 22 years remaining, providing contract continuity and predictability.
6. Five‑star resort style amenities include swimming pool, spa, sauna, gym, residents lounge, BBQ and entertainment areas, enhancing guest appeal and premium positioning.
7. Apartments feature floor‑to‑ceiling glass and surround balcony access, maximising natural light and Broadwater views that are described as unable to be built out.
8. Privileged waterfront location with direct access to park and Broadwater walks, and proximity to nearby restaurants, supporting both short‑stay demand and lifestyle marketing.
9. Minimalist, light and airy design emphasis and expansive entrance/open spaces contribute to high‑end presentation and resident experience.
10. Manager’s unit being on title and included in the sale strengthens the operational handover and reduces relocation or accommodation costs for a new owner.

Management Rights Multiplier: 4.30
ROI Estimate: 10.04%