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Profitable MR in Labrador with long agreement in place | Resort Brokers ID : MR008530
$1,699,000
Permanent Management Rights, LABRADOR QLD
ResortBrokers presents Jabiru Landing a lucrative Management Rights opportunity in Labrador.
This asset offers a solid body corporate salary of $147,254, contributing to an impressive net profit of $254,618 and supported by a stable letting pool of 30 units,
providing reliable income.
The property features a contemporary three-bedroom manager's residence with minimal maintenance duties, ensuring an ideal work-life balance. Additionally, no onsite office hours are required, giving flexibility in managing this townhouse complex (standard format plan).
With 20 years remaining on the accommodation module, this opportunity presents strong potential for long-term growth.
- Strong net operating profit of $254,618, demonstrating robust financial performance.
- Comfortable three-bedroom, one-bathroom manager’s residence.
- Low-maintenance requirements for lawn, garden, and pool.
- Stable letting pool of 30 units for dependable income.
- No onsite office hours, allowing flexible operation.
- 20-year term remaining on the accommodation module for sustainable growth.
- Inspection by appointment only.
Date updated: 19 Nov 2024 22:00:01
More Information
- Total Purchase Price: $1,699,000
- Net Income: $ 254,618
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 600,000
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?