Labrador, Queensland

Vendor Slashes Price!!

SOLD

Business Description

Vendor Slashes Price!!

Idyllic and sought after Holiday Complex offering the opportunity of a huge income whilst not having to live onsite!!

An excellent opportunity exists to acquire your own piece of paradise directly opposite the Broadwater in the much sought-after suburb of Labrador.

Imagine yourself here enjoying the lifestyle you deserve. Take advantage of the large in ground swimming pool, spa, and BBQ area the complex offers.

Compact 2 bedroom, 2 bathroom Managers apartment with main en-suite bedroom leading out to a wrap-around balcony with views of the Broadwater. Open plan lounge and dining area, and a compact fully equipped kitchen. Three secure car spaces and storage.

To arrange an inspection please call: Gavin - ---------- or email: ----------

Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.

Business Summary

Business Snapshot

Price: SOLD Net Profit: $697,000 Remuneration / Body Corp Salary: $60,000

Managers Unit

Value of Managers Apartment: $430,000Office: On Title

Compact 2 bedroom, 2 bathroom Managers apartment with main en-suite bedroom leading out to a wrap-around balcony with views of the Broadwater. Open plan lounge and dining area, and a compact fully equipped kitchen. Three secure car spaces and storage.

Complex Information

Complex Type: Resort/HolidayTotal Units in Complex: 42Owner Occupy Units: 1BBQ Area: YesWIFI: Yes

Marketing Agent

Gavern Property

Gavern Property - Management Rights

Key Investment Insights

AI generated. Confirm details with the seller.

1. Idyllic and sought-after holiday complex located in a highly desirable suburb.
2. Opportunity for a huge income without having to live on-site.
3. Directly opposite the Broadwater with stunning views.
4. Facilities include a large in-ground swimming pool, spa, and BBQ area.
5. Compact 2 bedroom, 2 bathroom Manager's apartment with a wrap-around balcony.
6. Open plan living and dining area, fully equipped kitchen, and three secure car spaces.
7. Managers apartment valued at $430,000.
8. Office included on title.
9. Complex type is a resort/holiday with 42 units and only 1 owner-occupied unit.
10. Additional amenities include a BBQ area and WIFI.
11. Net profit of $697,000 and remuneration/Body Corp salary of $60,000.
12. Opportunity for a lifestyle change and to live in a beautiful location.
13. Potential for growth and further development.
14. Close to amenities and popular tourist attractions.
15. Well-maintained and managed complex with a good reputation.
16. Ideal for an owner-operator or as an investment opportunity.
17. Detailed information and inspections available upon request.

Management Rights Multiplier: 4.84
ROI Estimate: 18.34%