Labrador, Queensland

No Requirement to Live Onsite

$120K MR & $790K UNIT = Total $910K

Business Description

Positioned in the highly sought after Broadwater precinct, this outstanding caretaking only management rights business presents an exceptional opportunity for buyers seeking secure, low maintenance income with outstanding lifestyle flexibility. Offering approximately 22 years remaining on the Accommodation Module agreements, a supportive Body Corporate, no letting pool to manage, and no office hours, this is an ideal business for first time operators, semi retirees or investors seeking predictable income with minimal operational demands.

The business has been priced to sell at just $120,000, representing a conservative 3x multiple on the caretaking income, while the manager's residence is offered at $790,000, delivering excellent value in this tightly held Broadwater location.

A key point of difference is the office being on title, together with no requirement to reside onsite, creating the opportunity to lease the residence and generate additional rental income, or simply enjoy the flexibility of living elsewhere, creating the opportunity to lease the residence for an estimated $41,000 PA (approximately $780 to $800 per week), providing additional income flexibility.

The renovated ground floor residence comprises 2 spacious bedrooms, 2 bathrooms and a generous open plan design. Recently painted throughout, it features a modern kitchen with new dishwasher, pantry and abundant storage, spacious living areas, and an oversized entertaining balcony. The master bedroom includes an ensuite, walk in robe and additional built in robe, while residents enjoy direct access to the resort style pool, spa and BBQ facilities.

Conveniently located just moments from the Broadwater, shopping centres, schools, cafés and essential services, this is a rare opportunity to secure a straightforward management rights business with long agreements, reliable caretaking income, no office hours, exceptional flexibility and outstanding value.

** Ras360 Property Solutions – Specialists in Parks | Hotels | Pubs | Motels | Management Rights **

Business Summary

Business Snapshot

Price: $120K MR & $790K UNIT = Total $910K Net Profit: $36,890 Remuneration / Body Corp Salary: $36,890

Managers Unit

Value of Managers Apartment: $790,000Bedrooms: 2Bathrooms: 2Car Spaces: 1

Complex Information

Complex Type: PermanentTotal Units in Complex: 18Owner Occupy Units: 6Outside Agent Units: 12Agreement Term: 25 yearsAgreement Term Remaining: 23 years

Marketing Agent

Greg Litzner

0499 00....

Ras360

Key Investment Insights

AI generated. Confirm details with the seller.

1. Caretaking only management rights business with reported net profit of $36,890 and a $120,000 asking price.
2. Approximately 23 years remain on the 25 year agreement, supporting long term income continuity.
3. No letting pool, office hours or requirement to live onsite provide low operational demands and lifestyle flexibility.
4. The office is on title, enabling separation of business operations from the manager’s residence.
5. The renovated two bedroom, two bathroom residence includes an open plan layout, modern kitchen and oversized entertaining balcony.
6. The residence is offered at $790,000, with estimated rental potential of approximately $41,000 annually if leased.
7. Located in Broadwater precinct near the Broadwater, shopping centres, schools, cafés and essential services.
8. The complex comprises 18 permanent units, including six owner occupied units and 12 outside agent units.
9. Residents have direct access to resort style pool, spa and BBQ facilities.
10. A supportive Body Corporate and straightforward caretaking arrangement suit first time operators, semi retirees or investors.

Management Rights Multiplier: 3.25
ROI Estimate: 4.05%