Labrador, Queensland

Large Net Great Complex

$2.170M MR & $900k Unit = Total $3.070M

Business Description

Primely located on the highly sought-after Gold Coast, this is a great opportunity to work alongside your family. The manager's residence is a townhome with multiple bedrooms and bathrooms. It is very well configured for families and entertainers. A good-sized living area leads to a covered external living area, with a separate kitchen and dining space. The master has an ensuite bathroom, and the additional bedrooms are of a decent size. There is also a lock-up double garage.
Labrador is a predominantly residential suburb on the Gold Coast, close to Southport and the Broadwater. The property is set in an enviable location, within short distance to public transport, the freeway, schools, childcare, shops and easy access to major arterial roads. All these factors contribute to ongoing tenants seeking to move into these highly desirable rental properties, generating solid rental returns.
The complex is made up of a mix of two and three-bedroom units. Future income can be increased by converting a number of outside agreements. Not to mention, for any tradies taking this business on, there is significant upside to generate income via repairs and maintenance.
Comprising a substantial number of units with a strong and consistent letting pool, this beautifully maintained permanent villa complex presents as a solid business, set amongst established grounds. The complex offers residents access to a swimming pool and other recreational amenities.
A large professional office is located at the entrance to the complex, with direct public access at the front and private access to the manager's residence at the rear. With no set office hours allowing lifestyle flexibility, and topped off with a uniquely large family residence, this really is an incredible chance to live and work alongside your family on the sunny Gold Coast

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

Business Summary

Business Snapshot

Price: $2.170M MR & $900k Unit = Total $3.070M Net Profit: $360,000 Remuneration / Body Corp Salary: $240,000

Managers Unit

Value of Managers Apartment: $900,000Bedrooms: 3Bathrooms: 2Car Spaces: 5

Complex Information

Complex Type: PermanentTotal Units in Complex: 95Total Units in Letting Pool: 45Owner Occupy Units: 34Outside Agent Units: 16Agreement Term: 25 yearsAgreement Term Remaining: 18 years

Marketing Agent

Paul Mueller

0439 25....

Ras360

Key Investment Insights

1. Asking price $3.07M, split $2.17M for management rights and $900K for the managers unit.
2. Net profit $360,000, with remuneration/body corporate salary of $240,000, indicating strong cashflow.
3. Managers apartment valued at $900,000, configured as a large family townhome with 3 bedrooms and 2 bathrooms.
4. Managers residence includes covered external living, separate kitchen and dining, ensuite in master, and lock-up double garage, well suited for a family and entertaining.
5. Managers property offers 5 car spaces, enhancing convenience and rental/owner flexibility.
6. Complex comprises 95 permanent units, providing scale and a substantial letting inventory.
7. Current letting pool of 45 units, with 34 owner‑occupied and 16 outside agent units, indicating clear upside by converting outside agreements.
8. Agreement term 25 years with 18 years remaining, delivering long-term contractual stability.
9. Strong location in Labrador on the Gold Coast, close to Southport and the Broadwater, with easy access to public transport, freeway, schools, childcare and shops, supporting tenant demand.
10. Onsite amenities include a swimming pool and recreational facilities, improving resident appeal and retention.
11. Large professional office at the complex entrance, with public frontage and private access to the manager’s residence, enabling walk‑in access and operational convenience.
12. Operational upside for owner-operators and tradies via repairs and maintenance revenue, plus no set office hours for lifestyle flexibility.

Management Rights Multiplier: 6.03
ROI Estimate: 11.73%