A stone throw from the Broadwater - deal to start your Management Rights career

Pebbles Apartments delivers a straightforward permanent letting business in central Labrador, purpose-built for first-time operators seeking proven income with manageable duties. The business generates $136,082 net profit from 18 letting appointments within a 54-unit walk-up complex, supported by $94,241 in body corporate salary and 19 years remaining on agreements. Your role centres on maintaining a pool, barbecue area and eight stairwells - no gyms, tennis courts or complex facilities to manage.

The $1,120,000 asking price includes a two-bedroom, two-bathroom manager's residence with dedicated office space and secure parking. With 29 resident owners and only six outside agents, the letting pool represents immediate income security while offering clear expansion opportunities within the remaining 30 units. The permanent tenancy model provides consistent rental returns through established occupancy patterns, while the substantial body corporate component ensures stable baseline income. Priced at $400,000 for the business and $720,000 for your residence, this opportunity delivers a high return with the operational simplicity and long-term security that allows you to build expertise while earning strong returns from day one.