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1.83x MLR Bargain - Under $700K with No Office Hours or Live-Onsite
Insane 1.83X @ $100k MR + $598k Unit = Total $698k
Permanent Management Rights, LABRADOR QLD
1.83x MLR Bargain Under $700K with No Office Hours or Live-Onsite
This is one of the best-value entries into the Gold Coast MLR market - priced at just $698,000 with a 1.83x net profit multiple, zero office hours, and no live-on-site requirement. Set in popular Labrador, this tidy complex is just 100m from the Broadwater and delivers a reliable $54,748 net profit p.a., supported by a $100K business component and a well-kept 2-bed, 1-bath, 1-car managers unit valued at $598K.
Perfect for part-time operators, semi-retirees, or investors looking to outsource, this management rights package offers complete flexibility under a 20-year accommodation module. The 6-unit letting pool provides stable recurring income, while 10 additional units are managed externally ready for you to convert and increase revenue immediately.
Residents enjoy access to resort-style facilities including a sparkling pool and BBQ deck, all with minimal upkeep. The gardens are low maintenance, and the lock-up garage adds further ease for the manager.
Location Highlights
Just steps from the Broadwaters walking trails, parks, and fishing spots, this location is a lifestyle drawcard. Harbourtown, Australia Fair, and local cafs are minutes away. Quality schools and universities are nearby, and public transport links you directly to Southport, Surfers Paradise, and the motorway.
Why This Is a Smart Buy
With a low 1.83x multiple, no live-on-site or office hour requirements, and 10 external units ready to convert, this is a flexible, high-potential opportunity. The long 20-year agreement and under-$700K price point make it ideal for investors or semi-retirees seeking stable income with room to grow.
**Ras360 Specialists in Management Rights | Motels | Hotels | Pubs | Parks**
More Information
- Total Purchase Price: Insane 1.83X @ $100k MR + $598k Unit = Total $698k
- 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