Varsity Lakes, Queensland

Varsity Lakes - Permanent - Sold & Settled - ID 8941

SOLD

Business Description

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 Code: 656

Business Summary

Complex Information

Marketing Agent

Key Investment Insights

- The complex is centrally located close to various amenities such as hospitals, universities, shopping centers, and public transportation
- The complex has 99 lots with 56 in the letting pool, providing a steady income stream
- High Body Corporate salary of $226,128, providing a stable source of income for the manager
- Long agreements with over 21 years remaining, providing security and stability for the business
- Facilities include a swimming pool, spa, and BBQ area, providing attractive amenities for tenants
- Very supportive Body Corporate and committee, making it easier to manage the complex
- Use of 'Property Me' trust software, making it easier to manage the administrative tasks of the business
- Three-bedroom manager's townhouse with a double lock-up garage, providing comfortable accommodation for the manager
- Large office and reception area on title, providing a professional and convenient workspace for the manager
- No set office hours, giving the manager flexibility in managing the business
- The option to run the business as a completely passive investment or live onsite and increase income further, providing flexibility for the owner
- Net profit of $362,800, providing a high return on investment
- Asking price of $2,684,000 (inclusive of manager's real estate), providing a good value for the business.
Listing location

This Business is sold

Listing Tools

Management Rights

Receive new listing alerts

Sign up
Similar Management Rights, Resorts For Sale

You may also like

Large Income, Huge Remuneration, Business Only Permanent GEM in Southside Brisbane
Next Business & Property Sales
Large Income, Huge Remuneration, Business...

MARSDEN

$2,158,000 MR Business + $650,000 House Optional

Net Income: -
Managers Estate: - - Bed - Bath
Letting Pool: -
Remuneration:

Impressive Permanent on The Gold Coast - ID 8904
MR Sales
Impressive Permanent on The Gold Coast - ID...

SURFERS PARADISE

$2,750,000

Net Income: $289,329
Managers Estate: $1,050,000 2 Bed 2 Bath
Letting Pool: 84
Remuneration: $186,209

Exclusive - 14% Return on Investment - ID 9157
MR Sales
Exclusive - 14% Return on Investment - ID...

REDBANK PLAINS

$2,685,500

Net Income: $373,495
Managers Estate: $650,000 4 Bed 2 Bath
Letting Pool: 96
Remuneration: $142,655

CAPTIVATING CAIRNS - TOP CHOICE SHORT-STAY MANAGEMENT RIGHTS WITH NET $462K+ | Resort Brokers ID : MR008459
ResortBrokers
CAPTIVATING CAIRNS - TOP CHOICE SHORT-STAY...

CAIRNS CITY

$2.1M + $595K Unit

Net Income: $462,688
Managers Estate: $595,000 2 Bed 2 Bath
Letting Pool: 46
Remuneration: $149,310

New Permanent Central Gold Coast
Stratacorp
New Permanent Central Gold Coast

BENOWA

$2,750,000

Net Income: -
Managers Estate: - - Bed - Bath
Letting Pool: -
Remuneration:

Highly profitable management rights - Iconic Hotel in Fortitude Valley-$406K net | Resort Brokers ID : MR008356
ResortBrokers
Highly profitable management rights -...

FORTITUDE VALLEY

$2,539,812

Net Income: $406,370
Managers Estate: $470,000 1 Bed 1 Bath
Letting Pool: 81
Remuneration: $240,785

Surfers Paradise Supervisory Management Rights
Newly Converted FHGC Motel in Central Manukau City
Rare Wynnum Business Only Management Rights - $101k+ net profit | Resort Brokers ID : MRB008510
Circa 1928 - 1P6206
Devine DeVille, a prime mixed Management Rights footsteps from the beach. | Resort Brokers ID : MR008491
FREEHOLD - Murrayland Holiday Apartments, Mildura VIC - 1P0472
Large $500k Perm Management Rights Coomera ROI% over 13.8%
Large Income, Huge Remuneration, Business Only Permanent GEM in Southside Brisbane
Business Only, 5% Remuneration Increase, 24 Years Permanent @ Inner City East
A Great Starting Opportunity Into The Motel Industry - 2642ML
Iconic Australian Hotel Winton – Liquidator Sale, Expressions of Interest | Resort Brokers ID : INV008514
Prime Mangement Rights Opportunity in Northern GC growth corridor - NOP $449K+ | Resort Brokers ID : MR008501
Acquire a Prime Investment in stunning Hervey Bay! | Resort Brokers ID : MR008508
High-Yield Management Rights Opportunity on Chevron Island
Easy Care Complex in Capalaba - Business Only
Robina Permanent Management Rights with Stunning Residence
Rare Opportunity For Hands-On Operator - 2851ML
Iconic Island Resort – Your Perfect Tropical Business