Permanent Management Rights in prime location offering a solid BC salary | Resort Brokers ID : MR008372

$2,300,000

Permanent Management Rights, LABRADOR QLD

ResortBrokers presents Lumiere, a premier management rights opportunity at the Broadwater Esplanade.

Located in one of the Gold Coasts most desirable areas, Lumiere offers a high-performing, low-maintenance business with strong financial returns and a relaxed coastal lifestyle.

This blue-chip asset delivers a net profit of $232,553 plus GST, supported by a body corporate salary of $183,619 plus GST, which accounts for approximately 78% of the total net income. The business includes additional revenue from a manageable letting pool of 13 units.

With no office hours and 23 years remaining on the accommodation module, this opportunity provides long-term security and an exceptional work-life balance. The package also includes a luxurious two-bedroom, two-bathroom managers residence, making it ideal for those seeking income and lifestyle.

This is a rare chance to secure a sustainable business in a prime waterfront location with minimal workload and maximum potential.

- Body Corporate Salary is 78% of the total Net Operating Profit
- 13 letting appointments. Long term tenants with high rental returns
- Beautifully renovated two-bed, two-bath, two-car manager's residence
- Long-term accommodation module with 23 years remaining
- Permanent residence (Sunland build)
- Pet-friendly complex
- No office hours (contactable only)
- Low maintenance duties
- Inspection by appointment only
Date updated: 15 May 2025 12:05:49

More Information

Financial Overview

Total Purchase Price: $2,300,000
Net Income: $ 232,553 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 1,250,000
_{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.}

Letting Business

Letting Pool: 13
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 65
_{Number of units resided in by their owners.}

Lock Ups: 11
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 3
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 92
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 183,619
_{This is the body corporate caretaker salary. It is included in the Net Income above.}

Agreement Term: 25 years
_{How long is the caretaking contract.}

Agreement Remaining: 23 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 0 years
_{How long has the management rights existed.}

Office Hours: Contactable
_{Required Office Hours}

Complex Features: Swimming pool, sauna, spa, gym and barbecue area

Real Estate Component

Manager's Unit: 2 2

Included Real Estate: $ 1,250,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 2

Office On Title: 1
_{Is there a manager's office included on the title?}

Pets: yes
_{Can the manager own a pet on site?}

Unit Features: