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Prestigious Permanent

Built in 2004 by the Sunland Group this waterfront residential-only highrise building is located on the Golden Mile at Labrador. It offers 22 levels of luxury living and sleek open spaces with floor to ceiling windows and generous balcony areas to take advantage of the wonderful views over the Broadwater, out to sea, and towards the Surfers Paradise skyline.

Impressive resort-style facilities include 25-metre heated pool, spa, sauna, steam room, fully equipped gymnasium, residents lounge, barbecue area, reflection pool, and community garden. The building is fully secure with boom gates and underground parking.

Stunning managers residence fitted out to the highest standard comprising superb kitchen with integrated appliances, open-plan living area, 2 bedrooms, 2 bathrooms, separate laundry, 2 car spaces and 2 storage cages. There is a large wrap-around courtyard for outdoor living. Absolute quality throughout.

Generous Body Corporate Salary of over $173,000 + GST per annum and Accommodation Module agreements through to April 2044 ensure security of income. Apartments are to an extremely high standard with demand high and vacancies rare. This building is very manageable by a couple so there is ample time to take advantage of the lifestyle on offer with the Broadwater across the road, parks and walking tracks close by, and dining and entertainment options within easy walking distance.

Residential complexes of this calibre are seldom available and the sale of this business creates an incredible opportunity to acquire a permanent management rights business with the benefits of what is undoubtedly a quality building in a sought-after location. If you are seeking a luxurious lifestyle building, this business definitely warrants your inspection.

Net Profit $218,872 per annum

Suburb Labrador
Price $2,450,000
Property Type Business
Property ID 1235
Category Accommodation/Tourism
Office Area 1m2

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Agent Details

Deborah Tilley photo

Deborah Tilley

0424 428 489
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What our clients say

Scott presented us with a great business opportunity, and guided us every step through the process. Scott's invaluable assistance made the transition of the business a smooth and successful process. We...

Crystal Yuan

Thank you Scott so much for your incredible work and for your support through the Meridian Project from the beginning to the end. We are so appreciative of your work and for going way over and beyond helping...

Maggie & Mike Best

With almost two decades working in Management Rights we have bought and sold several Management Rights through Jim Beard. We met Jim in 2013 and immediately were struck by his fresh, honest and professional...

Neil & Chrissy Simpson

Over the past 10 years we have bought and sold several businesses and David Rotheram has been our "go to" broker through it all.  He has consistently provided us with sound business advice and opportunities;...

Victor Crump and Dr Amanda Murfett

We first met David back in 2001 when he sold our Management Rights at Ormiston.  We had approached other Brokers, who weren't really interested as the complex was tricky to market.  Needless...

Chris and Julie Mitchelson

David recently sold our large holiday resort on the Gold Coast.  David already had purchasers in mind when he listed our property, it then went to contract within the first 2 weeks with 2 back up...

Ray & Louise Thom Pete & Kath Logan