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Easy Permanent Business Close to Sea
MR $538.8k / 3.9 times + Unit on Valuation
Permanent management rights, Labrador QLD
Total Asking for $1,248,800 including 2 beds/2baths Manager Residence
Net Income $138,154, Verified by Industry Specialist Accountant
Manager Residence at $710,000, as per Latest Valuation by Industry Valuer in April 2025
Prime Location
The boutique building is just a short stroll to the Broadwater with lovely parks and walking trails, and the protected swimming area close to the Grand Hotel&Charis Seafood.
Well located in the heart of East Labrador, this complex is close to public transport, and just minutes from Harbour Town, Australia Fair, the Southport CBD, Griffith University and the new Hospital. This complex features a large in-ground pool, BBQ area, intercom access and secure underground parking.
Easy Caretaking Work
Low workload caretaking work, minimal gardens easy for one person
Great Remuneration
$93,299 annually with CPI adjustment every December
Great Manager Lot
The Manager unit is spacious and comfortable consisting of 2 bedroom, 2 bathrooms, modern kitchen, and open plan lounge cum dining area leading out to a large patio area.
On title office without set office hours
If you want to buy a solid management right business and undisturbed lifestyle, it ticks all your boxes, please book your inspection immediately.
More Information
- Total Purchase Price: MR $538.8k / 3.9 times + Unit on Valuation
- Net Income: $ 138,154
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 710,000
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?