Labrador, Queensland

Net Profit $232,553 with High-Quality Waterfront Living - ID 8967

$2,300,000

Business Description

Permanent Management Rights for Sale
Extremely Secure Income with 82% from $192,436 + GST Body Corporate Salary

- Very limited work, allowing you to operate the business at your own pace.

- No set office hours, providing exceptional flexibility with only mobile contactability required.

- Well-maintained, high-quality waterfront building.

- Extremely secure income, with 82% derived from Body Corporate remuneration of $192,436 plus GST.

- 25-year long-term agreement with approximately 23 years remaining.

- High net operating profit of $232,553.

- All permanent rentals, with a current letting pool of 12 in a large complex and excellent potential to generate additional income.

- High-quality, spacious and modern manager's apartment featuring 2 bedrooms, 2 bathrooms, 2 secure car parking spaces, air conditioning and ceiling fans.

- Professional front desk, office and storage facilities; pet-friendly.

- Beautiful and peaceful waterfront environment.

- Great location, close to cafés, restaurants, public transport, parks, shops and more.

- Total asking price is only $2,300,000, including a very spacious, high-quality modern waterfront manager's apartment.

If you are looking for a high-quality waterfront lifestyle with secure high income, minimal work and more free time, this is an opportunity you cannot afford to miss.

Net Profit: $232,553
Asking Price: $2,300,000
(Inclusive of manager's real estate)

For further information or to arrange an inspection of this Gold Coast Management Right business for sale contact:

Management Rights Broker
Bill He

Property Code: 1183

Business Summary

Business Snapshot

Price: $2,300,000 Net Profit: $232,553 Remuneration / Body Corp Salary: $192,436Business Value: $1,100,000

Managers Unit

Value of Managers Apartment: $1,200,000Bedrooms: 2Bathrooms: 2Car Spaces: 2Office: On TitlePets OK: Yes

Modern apartment featuring 2-bedrooms, 2-bathrooms, and 2 secure car spaces.

Complex Information

Complex Type: PermanentTotal Units in Complex: 92Total Units in Letting Pool: 12Owner Occupy Units: 65Outside Agent Units: 3Lockup Units: 11Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 23 yearsPool: YesSpa: YesSauna: YesGym: YesBBQ Area: Yes

Marketing Agent

Bill He

MR Sales

Key Investment Insights

1. Net profit $232,553, indicating strong operating earnings relative to the listed business value.
2. Extremely secure income stream, 82% of revenue from Body Corporate salary of $192,436 plus GST.
3. Long-term stability from a 25-year agreement with approximately 23 years remaining.
4. Low workload and flexible operation, no set office hours and only mobile contactability required.
5. Asking price $2,300,000 inclusive of the manager’s real estate, manager’s apartment valued at $1,200,000.
6. Manager’s apartment is high-quality and modern, 2 bedrooms, 2 bathrooms, 2 secure car spaces, air conditioning, on-title office.
7. Business value listed as $1,100,000, separating goodwill/operations from apartment value.
8. Letting pool consists of 12 permanent rentals within a 92-unit complex, with clear potential to increase income by expanding the pool.
9. High owner-occupier base, 65 owner-occupy units and only 3 outside agent units, supporting stable permanent occupation.
10. Well-maintained waterfront complex with desirable amenities including pool, spa, sauna, gym and BBQ area.
11. Professional front desk, office and storage facilities provided, property is pet-friendly.
12. Strong location appeal on the Gold Coast, close to cafés, restaurants, public transport, parks and shops, supporting lifestyle attraction.

Management Rights Multiplier: 4.73
ROI Estimate: 10.11%