Labrador, Queensland

$1,070,000

Property Description

OUTSTANDING PERMANENT IN LABRADOR

• 54 unit "Permanent" complex
• 25 Year Accommodation Module with 21 years to run.
• Excellent Body Corporate Remuneration of $74,163 with manageable grounds.
• Good letting pool profile of 31 with 1 and 2 bedroom units.
• Attractive building for Investors and less attractive for Owner Occupiers.
• 1 Minute from the Broadwater and 5 Minutes to Southport and open beaches.
• Stunning tropical pool and surrounds.
• Modern large Managers Unit.
• Easy access to motorways and transport.



Unit Price: $420,000
Net Income: $125,406
Business Price: $650,000
Total Price: $1,070,000
Call Kerrie (LUSHY) Lush on 0416 084 693
OR
Allan Huang 0408 473 219 to arrange an inspection

Property Summary

Business Snapshot

Price: $1,070,000 Net Profit: $125,406 Remuneration / Body Corp Salary: $74,163

Managers Unit

Value of Managers Apartment: $420,000Bedrooms: 2

Complex Information

Complex Type: PermanentTotal Units in Complex: 54Total Units in Letting Pool: 31Holiday Units: 31Agreement Term: 25 yearsAgreement Term Remaining: 21 years

Marketing Agent


Marketing Agency

RAAS Group

Kerrie Lush
RAAS Group

Phone

Listing Tools

This listing last updated: 21st September 2018

Property Map

Map Location ( get directions )

Labrador, Queensland 4215 Exact map location not provided

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