Management Rights - Labrador, QLD

Labrador, QLD

$740,000

Property Description

Easy to run townhouse complex management rights at Labrador

About the business
⚫ Easy to run business with only one person needed;
⚫ Easy to care duties in a small quiet complex, no BBQs to clean;
⚫ Supportive body corporate committee;
⚫ Potential to increase profit by doing maintenance jobs, as current manager is not doing any;
⚫ No fixed office hours;
⚫ 20 year agreement with about 16 year remaining;
⚫ Ideally suited to a single or couple who would like a balance between work and life.
This complex is centrally located at Labrador and provides a beachfront lifestyle with close proximity to Griffith University and Surfers Paradise. The Broadwater has excellent access areas to the water for windsurfing, sailing, para-flying, jet-skiing, boating, fishing, crabbing and swimming - making this once sleepy suburb a popular retreat for holidaymakers.
Financial Overview

Body Corp Salary:
56301
Anniversary Of Body Corporate Salary:
Body Corporate Salary Review:
Net Profit:
$83,501
Manager's Unit Price:
$360,000
Management Rights Price:
$380,000
Letting Business

Est. Year Built: 1993
Total Units In Complex: 38


Inside Letting Pool

Permanent: 15
Holiday: 0
Corporate: 0
Total: 15

Outside Letting Pool

Lock Up: 0
Outside Agents: 4
Self Managed: 2
Owner Occpd: 17
Total: 23

Number & Type In Letting Pool
Number Type Features
7 2 Bed townhouse
8 3 Bed townhouse
Bed
Tariffs

Booking Type Details
Permanent $350 for 2 bedroom $390 for 3 bedroom
Corporate
Holiday
Manager's Unit & Office

Manager's Unit Size: 3 Bedrooms , 1 Bathroom
Office Reception: No
Office Software: property me
Office Hours: No
Storage: shed
Office Computer:
Module: Standard
Agreement Term: 20
Years To Run: 16
Manager's Unit Description: Good size 2 story townhouse manager unit with big back yard along the creek side.

Facilities

Pool: Yes
Spa: Yes
Gym: No
Tennis Court: No
Sauna: Yes
Foxtel: No
Cable Installed: Yes
Pets Allowed: No
Barbeque Area: No
Wireless: No

Other Facilities:

Property Agent

Anna Liu

Phone: 0421 794 797
Office: 1300 282 370

Email Listing Agent

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