Labrador, Queensland

Large Net Great Complex

$2.170M MR & $850k Unit = Total $3.020M

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 & $850k Unit = Total $3.020M 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

AI generated. Confirm details with the seller.

1. Management rights priced at $2.17 million, with a stated net profit of $360,000 and $240,000 remuneration or body corporate salary.
2. Established 95 unit permanent complex with 45 units in the letting pool and 18 years remaining on the 25 year agreement.
3. Labrador location offers proximity to Southport, the Broadwater, public transport, freeway access, schools, childcare, shops and major arterial roads.
4. Three bedroom, two bathroom manager’s townhome includes multiple living areas, covered outdoor space, ensuite, and lock up double garage.
5. Large professional office provides direct public access at the complex entrance and private access to the manager’s residence.
6. No set office hours provide lifestyle flexibility while supporting a family operated management rights business.
7. Resident amenities include a swimming pool and recreational facilities within beautifully maintained, established grounds.
8. Potential income growth is identified through converting outside agreements and undertaking repairs and maintenance, particularly for qualified tradespeople.

Management Rights Multiplier: 6.03
ROI Estimate: 11.73%