Varsity Lakes, Queensland

Business For Sale - Large Varsity Lakes Permanent - ID 8941 H

$2,684,000

Property Description

Management Rights For Sale
High Net Profit

- Permanent management rights
- Gated villa and townhouse complex
- 99 lots with 56 in the letting pool
- High Body Corporate salary of $226,128
- Long agreements with over 21 years remaining
- Facilities include: swimming pool, spa and BBQ area
- Very supportive Body Corporate and committee
- 'Property Me' trust software
- Three bedroom manager's townhouse with double lock up garage
- Large office and reception area on title
- No set office hours, manager or manager's representative must reside in the manager's residence

The complex is centrally located close to Robina Hospital, Bond University, Robina Town Centre, train station, schools and M1 Motorway. Just a 10 minute drive to the beach at Burleigh Heads.

All caretaking, management and letting duties are currently outsourced to an experienced team. The new owner has the option to run the business as a completely passive investment or live onsite and increase their income further.

Net Profit: $362,800
Asking Price: $2,684,000
(Inclusive of manager's real estate)

For further information or to arrange an inspection of this Gold Coast management rights business for sale contact:

Exclusive Management Rights Broker
Phil Trimble

Property Summary

Business Snapshot

Price: $2,684,000 Body corp salary review: CPI Annually

Managers Unit

Car Spaces: 2

Complex Information

Total Units in Complex: 0Manager Units: 1Agreement Module: AccommodationPool: Yes
Marketing Agent
Listing location
Gallery

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