Labrador, Queensland

Caretaking Opportunity with 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 an asking price of $120,000.
2. Approximately 22 to 23 years remain on the Accommodation Module agreements, supporting long term operational continuity.
3. No letting pool, office hours or onsite residence requirement provide low maintenance operations and lifestyle flexibility.
4. The office is on title, allowing the manager’s residence to potentially be leased separately, subject to buyer confirmation.
5. Renovated two bedroom, two bathroom manager’s residence includes a modern kitchen, open plan living and oversized entertaining balcony.
6. The residence offers direct access to resort style pool, spa and barbecue facilities, with one car space included.
7. Located in Broadwater, close to the waterfront, 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. The business is supported by a stated Body Corporate salary of $36,890.
10. The manager’s residence is offered at $790,000, with the business and unit priced at a combined $910,000.

Management Rights Multiplier: 3.25
ROI Estimate: 4.05%