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Retiring Seller - Rare Find 1.83X MR, No Office Hours, No Live Onsite @ Under $700k
Retiring Seller - Rare 1.83X MR in Labrador @ Under $700k
Permanent Management Rights, LABRADOR QLD
Retiring Seller - Rare Find 1.83X MR, No Office Hours, No Live Onsite @ Under $700k
Discover a rarely priced 1.83X management rights package in Labrador: $54,748 p.a. net profit, $100k business component and a $598k 2 bed, 1 bath, 1 car managers unit, for a total of just $698 K under a 20-year agreement.
Enjoy no office hours and no on-site residency requirement, allowing part-time management or outsourcing. Resort-style amenitiesincluding a sparkling pool & BBQ deckdrive premium occupancy with minimal upkeep (no gym). Low-maintenance tropical gardens and a lock-up garage simplify daily tasks. An established 6-unit letting pool generates stable income, while 10 additional units under external management can be converted for instant commission growth.
Just 100 m from the Broadwater, residents enjoy walking and cycling trails, fishing spots and parklands. Nearby Harbourtown Shopping Centre, Australia Fair and local cafs cover retail and dining needs. Top schoolsLabrador State School, Southport State High, Griffith University Gold Coast campus and private collegesare close by. Frequent buses serve Southport and Surfers Paradise, and the Pacific Motorway is easily accessible for trips to Brisbane or the airport.
Why This MLR Is an Absolute Steal:
-Unbeatable Multiple: At 1.83 net profit, this is virtually unmatched in any coastal corridor.
-Flexible Operation: No office hours or live-on-site mandateideal for a semi-absentee owner.
-Growth Potential: Convert 10 externally managed units into your pool for instant revenue lift.
-Resort-Style Appeal: Pool and BBQ deck drive occupancy with minimal oversight.
-Long-Term Security: 20 years remaining on a fully funded accommodation agreement.
-Prime Waterside Locale: 100 m to the Broadwater; shops, schools and cafes within easy walking distance.
**Ras360 Specialists in Management Rights | Motels | Hotels | Pubs | Parks**
More Information
- Total Purchase Price: Retiring Seller - Rare 1.83X MR in Labrador @ Under $700k
- Net Income: $ 54,748
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 0
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