Labrador, Queensland

Multiplier: 3.42 ONLY.

Make an Offer Today!

Property Description

Easy to run townhouse complex management rights at Labrador
About the business
? Easy to run business with only one person needed;
? Easy to care duties in a small quiet complex, no BBQs to clean;
? Supportive body corporate committee;
? Potential to increase profit by doing maintenance jobs, as current manager is not doing any;
? No fixed office hours;
? 20 year agreement with about 18 year remaining;
? Ideally suited to a single or couple who would like a balance between work and life.
About managers residence
? Two story townhouse with river views. Just open your private courtyard gate and you can launch
you boat or jet-ski into the water and go for a cruise, fish or even catch lots of mud crabs;
? Downstairs there is a single garage, a laundry room with a toilet, open plan kitchen and living
area;
? Large backyard with a shed and under-covered outdoor sitting area, enjoying the water views
while having a beer in the backyard;
? Upstairs there are 3 bedrooms and 1 bathroom with dual entrances;
? Two of the bedrooms have river views and aircon. There is an additional aircon in the living room
downstairs.
About the complex
This complex is centrally located at Labrador and provides a beachfront lifestyle with close proximity
to Griffith University and Surfers Paradise. The Broadwater has excellent access areas to the water for
windsurfing, sailing, para-flying, jet-skiing, boating, fishing, crabbing and swimming - making this
once sleepy suburb a popular retreat for holidaymakers.
Convenient to anywhere, shopping, food, study, entertainment, exercise, etc.
There are good private schools in nearby areas, e.g. a b Paterson College, St Hildas etc.
It is only 400 meters to beaches and the Broadwater Parklands. Walking to the Aquatic Center
Olympic swimming pools.
2.5 km to Southport CBD area.
3.7 km to Griffith University and Gold Coast University Hospital.
5.4 km to Surfers Paradise beach and clubs.
6.5 km to Sea World which is just on the other side of the harbor.
4.8 km to the famous Harbor Town Outlet Shopping Centre.
14.5 km to Movie World, Dream World and Outback Spectacular.
Permanent Management Rights | Labrador
Net Income: $75928.00
Body Corp Salary: $57693.00 (CPI indexed)
Manager Unit: $450,000.00, MR business: $260,000.00
Asking: $710,000.00

Property Summary

Business Snapshot

Price: Make an Offer Today! Net Profit: $76,000 Remuneration / Body Corp Salary: $57,345

Managers Unit

Value of Managers Apartment: $450,000Bedrooms: 3

Complex Information

Complex Type: PermanentTotal Units in Complex: 38Total Units in Letting Pool: 14Holiday Units: 14Owner Occupy Units: 18Agreement Term: 20 yearsAgreement Term Remaining: 19 years
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