Varsity Lakes, Queensland

LARGE SCALE BUSINESS-ONLY PERMANENT MANAGEMENT RIGHTS Netting $582K | Resort Brokers ID : MR008258

$2,130,000

Business Description

ResortBrokers introduces a high-netting, business-only MLR opportunity in Varsity Lakes. Comprising of two desirable apartment complexes located within just 1-minute walking distance between each other, Located in the highly desirable suburb of Varsity Lakes, this business offers a robust return on investment backed by a solid Body Corporate salary. With no requirement to live onsite, no set office hours and no manager's residence to purchase, this business is a must consider.

The caretaking duties are very manageable, mainly supervisory roll for the manager as body corporate bears all costs for professional contractors to service/maintain the swimming pool and the gardens. A large fully functional office and boardroom are on title, conveniently located in the lobby for the manager to use at their discretion.

This well-maintained, permanent modern apartment building complexes offer a solid business, suitable for a first-time buyer looking to secure a stable, low-maintenance business or an experienced operator who wants to expand their portfolio. Please contact us today with your enquiries as these types of Management Rights businesses are in high demand and will not last long before being sold.

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No requirement to reside onsite or purchase manager's residence

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No set office hours

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Long agreement terms - 21 years

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Strong Body Corporate salary

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Easy and very manageable caretaking duties

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Body corporate bears all costs for professional contractors to service/maintain the swimming pool and the gardens

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Two spacious offices and a boardroom on title - $580,000

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Stable and consistent letting pool

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Highly desirable location with high rental demands

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Robust return on investment

- Property inspections are by appointment only
Date updated: 21 Jul 2024 23:00:09

Business Summary

Business Snapshot

Price: $2,130,000 Net Profit: $324,260 Remuneration / Body Corp Salary: $179,742

Managers Unit

Value of Managers Apartment: $300,000Office: On Title

Complex Information

Complex Type: PermanentTotal Units in Letting Pool: 36Agreement Term Remaining: 21 years
Marketing Agent
Listing location
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