FOR SALE
$120K MR & $550k Unit = Total $670K

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Labrador QLD 4215

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"Labrador Gem: Manage with Ease, Live the Dream!"

This fully established complex, just 100 meters from the Broadwater, offers residents a prime location with easy access to walking trails, dining, and entertainment options, making it perfect for those seeking a balanced work/life lifestyle.
Located in the vibrant suburb of Labrador, this complex is close to major shopping centers, top educational institutions, and popular coastal attractions, enhancing its appeal as a highly sought-after location. Highlights of living in Labrador include its relaxed waterside lifestyle, proximity to parks and recreational facilities, and a friendly community atmosphere.
The complex comprises 28 units, with 6 in the letting pool, and is easy to manage with low-maintenance tropical gardens, easy-care surroundings, and a pool/BBQ deck. With 10 units currently managed by external agents, there is substantial potential to boost the annual net income. The complex generates an approximate net profit of $61,000.
The manager’s unit is a cozy 2-bedroom, 1-bathroom apartment featuring a private covered courtyard off the living room, ideal for unwinding. There are no set working hours required; the manager just needs to be reachable during business hours, allowing for a flexible lifestyle.
Additional features include a spacious "on-title" office with ample storage, separate storage, and work areas located in the secure basement. The complex ensures safety with front gate entry and secure underground parking for all units. The current manager has cultivated a positive relationship with the body corporate, and all tenants are long-term residents, contributing to a stable and well-maintained community
**Ras360 – Specialists in Management Rights | Motels | Hotels | Pubs | Parks**

Property Details for Contact Agent For Address, Labrador

Building Type
Commercial

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About Labrador 4215

The size of Labrador is approximately 5 square kilometres. It has 19 parks covering nearly 14.6% of total area. The population of Labrador in 2011 was 16,401 people. By 2016 the population was 18,277 showing a population growth of 11.4% in the area during that time. The predominant age group in Labrador is 20-29 years. Households in Labrador are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Labrador work in a professional occupation. In 2011, 46.2% of the homes in Labrador were owner-occupied compared with 45.1% in 2016.

Labrador has 11,910 properties. Over the last 5 years, Houses in Labrador have seen a 111.16% increase in median value, while Units have seen a 101.17% increase. As at 30 November 2024:

  • The median value for Houses in Labrador is $1,092,582 while the median value for Units is $701,716.
  • Houses have a median rent of $680 while Units have a median rent of $630.
There are currently 103 properties listed for sale, and 32 properties listed for rent in Labrador on OnTheHouse. According to CoreLogic's data, 570 properties were sold in the past 12 months in Labrador.

Suburb Insights for Labrador 4215

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Adam Partridge
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RAAS Property Group
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