125 Frank Street, Labrador, QLD 4215

Located adjacent to the Broadwater, the complex consists of 32 self-contained apartments on three road frontages This high income generating apartment complex is situated close to Southport and Surfers Paradise and the popular world-class theme park attractions. Has frontages on Frank Street (Gold Coast Highway), Whiting Street and Labrador Street. There is transport at the door and many fine restaurants within easy walking distance. It is very popular with local and overseas tourists and has excellent return trade. Facilities include a magnificent guest swimming pool and BBQ entertainment area. . Complex comprises 3 floors of studio, semi-studio and one and two bedroom apartments. . Studio apartments contain a kitchenette with microwave oven, cooking appliances and all cutlery and crockery. . One and two bedroom apartments have full kitchen facilities. . Some apartments air-conditioned and all have fans, TV and balconies or courtyards. Some with laundry facilities. Management Rights Business Details: Price: $960,000 Nett Income: $201,500 (year to 31 December 2015) Body Corporate Salary: $40,000 (CPI increase from November 2016) MR Business Price: $710,000 Manager's Unit: $250,000 (2 bedroom) Letting Pool: 21 (holiday) Current Lease: 16 years Act now to secure this excellent high income business opportunity. For further details contact: Ken Chapple 0481 369 568 ken@joyrealty.com.au