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

AI generated. Confirm details with the seller.

1. Net profit $232,553, indicating strong operating profitability for the business.
2. Extremely secure income stream, 82% of revenue from Body Corporate salary of $192,436 plus GST.
3. Long-term recurring contract, 25-year agreement with approximately 23 years remaining.
4. Low operational workload, very limited work required and no set office hours, only mobile contactability needed.
5. Asking price $2,300,000 inclusive of manager’s real estate, with business value quoted at $1,100,000 and manager’s apartment valued at $1,200,000.
6. Manager’s apartment is high-quality waterfront accommodation, on-title, 2 bedrooms, 2 bathrooms, 2 secure car spaces, air conditioning, and pet-friendly.
7. Small letting pool of 12 units within a 92-unit complex, presenting clear upside potential to increase rental income.
8. High owner-occupier mix, 65 owner-occupy units and only 3 outside agent units, supporting stable long-term management arrangements.
9. Large complex amenity set including pool, spa, sauna, gym and BBQ area, enhancing appeal to owners and tenants.
10. Waterfront location described as beautiful and peaceful, with proximity to cafés, restaurants, public transport, parks and shops, supporting lifestyle and rental demand.

Management Rights Multiplier: 4.73
ROI Estimate: 10.11%