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GOLD COAST GEM
$1,172,700
Permanent Management Rights, LABRADOR QLD
On offer now is an excellent opportunity to secure a boutique Gold Coast management rights business in one of Labrador's most desirable locations-just one block from the stunning Broadwater.
With a modest workload, no fixed office hours, and a stated net income of $136,082 p.a., this business is ideal for a solo operator or couple seeking a flexible lifestyle-based investment. Included in this income is a generous Body Corporate salary of over $94,000 p.a. plus GST, with annual increases of up to 5%.
The well-maintained, permanent residential complex features a resort-style swimming pool, BBQ area, secure underground parking, and low-maintenance common areas. Residents enjoy a quiet, community-oriented setting, all within close proximity to Harbour Town, Southport CBD, Griffith University, public transport, and popular Broadwater walking paths and cafes.
The manager's residence is a spacious and modern 2-bedroom, 2-bathroom unit with open-plan living, internal laundry, a large private patio, and one secure basement car space. The property also includes an on-title office, with no requirement to keep set hours. Offering comfort, privacy, and practicality, it is an ideal base for both lifestyle and income generation.
More Information
- Total Purchase Price: $1,172,700
- Net Income: $ 136,082
(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?