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"Labrador Gem: Manage with Ease, Live the Dream!"
$120K MR&$550k Unit = Total $670K
Permanent Management Rights, LABRADOR QLD
This fully established complex, just 100 meters from the Broadwater, offers residents a prime location with easy access to walking trails, dining, and entertainment options, making it perfect for those seeking a balanced work/life lifestyle.
Located in the vibrant suburb of Labrador, this complex is close to major shopping centers, top educational institutions, and popular coastal attractions, enhancing its appeal as a highly sought-after location. Highlights of living in Labrador include its relaxed waterside lifestyle, proximity to parks and recreational facilities, and a friendly community atmosphere.
The complex comprises 28 units, with 6 in the letting pool, and is easy to manage with low-maintenance tropical gardens, easy-care surroundings, and a pool/BBQ deck. With 10 units currently managed by external agents, there is substantial potential to boost the annual net income. The complex generates an approximate net profit of $61,000.
The managers unit is a cozy 2-bedroom, 1-bathroom apartment featuring a private covered courtyard off the living room, ideal for unwinding. There are no set working hours required; the manager just needs to be reachable during business hours, allowing for a flexible lifestyle.
Additional features include a spacious "on-title" office with ample storage, separate storage, and work areas located in the secure basement. The complex ensures safety with front gate entry and secure underground parking for all units. The current manager has cultivated a positive relationship with the body corporate, and all tenants are long-term residents, contributing to a stable and well-maintained community
**Ras360 Specialists in Management Rights | Motels | Hotels | Pubs | Parks**
More Information
- Total Purchase Price: $120K MR&$550k Unit = Total $670K
- Net Income: $ 61,000
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 550,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: undisclosed
Estimated number of years till the Net Income reaches the Purchase Price of the business component. Other factors such as lifestyle, workload, location and offering should always be considered ahead of the multiplier when evaluating a Management Rights business.
Number of units the manager is authorised to manage.
Number of units resided in by their owners.
Number of units owners are not renting out, but also do not live in.
Number of units being rented by other agents (these could potentially be acquired by the manager).
The total number of units within the complex.
This is the body corporate caretaker salary. It is included in the Net Income above.
How long is the caretaking contract.
How long remains on the caretaking contract before it must be renewed?
How long has the management rights existed.
Required Office Hours
The value of on-title property included with the business. Its price is included in the Total Purchase Price.
Is there a manager's office included on the title?
Can the manager own a pet on site?