Varsity Lakes, Queensland

RARE OPPORTUNITY TO ACQUIRE SIDE-BY-SIDE MR COMPLEXES ON THE GOLD COAST! | Resort Brokers ID : MR007782

Under Contract / Offer

Business Description

ResortBrokers presents the opportunity for you to acquire the Management Rights of two side-by-side highly desirable permanent complexes located in Varsity Lakes, a master-planned community in the heart of Robina.

There is huge potential to grow the already healthy net profit via converting the 12 outside agents and further income can be generated by renting out the Managers Unit - approx. $35k p.a.

Overall, the combined sale of The Retreat and The Cape presents as an exciting opportunity for a savvy buyer to invest in a thriving business in one of Australia's most sought-after cities, the Gold Coast.

- Immaculately presented complexes with resort-style facilities
- 121 units across two complexes with 31 in the letting pool
- Huge potential to grow the business via converting outside agents
- Excellent $235,365 Caretakers Salary
- No set office hours, no requirement to live onsite
- Increase income via renting out manager's unit
- Office / reception on title at The Cape
- Manager's unit 3-bed, 2.5-bath, 2 car spaces
- Inspections are by appointment only

Date updated: 07 Apr 2024 23:00:13

Business Summary

Business Snapshot

Price: Under Contract / Offer Net Profit: $267,470 Remuneration / Body Corp Salary: $270,000

Managers Unit

Value of Managers Apartment: $840,000Bedrooms: 3Bathrooms: 2Office: On Title

Complex Information

Complex Type: PermanentTotal Units in Complex: 121Total Units in Letting Pool: 31Owner Occupy Units: 57Outside Agent Units: 12Agreement Term Remaining: 23 years
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