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

1. The business is located in a highly desirable and sought after location, directly opposite the Broadwater in Labrador.
2. The complex offers a range of amenities including a large in-ground swimming pool, spa, and BBQ area.
3. The Managers apartment is a compact 2 bedroom, 2 bathroom unit with a wrap-around balcony and views of the Broadwater.
4. The business has a high net profit of $697,000, making it a lucrative opportunity for potential buyers.
5. The Managers apartment has a value of $430,000 and is included in the sale.
6. The complex is a Resort/Holiday type with a total of 42 units, with only 1 unit occupied by the owner.
7. The business offers a remuneration/Body Corp salary of $60,000.
8. The complex has modern amenities such as WIFI, making it attractive to potential holidaymakers.
9. The business is currently being sold at a discounted price, making it a great opportunity for buyers.
10. The complex has a disclaimer stating that all information provided is true and accurate, and prospective buyers should make their own enquiries to verify the information.

Management Rights Multiplier: 4.84
ROI Estimate: 20.68%