Varsity Lakes, Queensland

THE BEST VALUE ON THE GOLD COAST +UPSIDE TO GROW. ACT FAST TO INSPECT TODAY! | Resort Brokers ID : MRB008464

Under Contract / Offer

Business Description

ResortBrokers introduces a high-netting, business-only MLR opportunity in the heart of Varsity Lakes. Comprising of two desirable apartment complexes, it boasts a genuine business-only structure, offering the incoming operator the freedom and flexibility to suit their circumstances. With no set office hours, or requirement to reside on site and minimal real estate to purchase in the way of office space. All this perfectly located right in Varsity Lakes CBD.

This opportunity offers a solid net profit $580k+ pa with a substantial ROI, supported by a terrific body corporate salary more than $339k pa ex GST. With easy-to-manage caretaking duties, as the body corporate covers all expenses for contractors to maintain the pools and gardens. Additionally, there is huge potential to increase profit by converting long-term rentals back into short-term holiday let or corporate stay, making this an incredible business opportunity.

This opportunity offers a robust return on investment with room to grow the bottom line, making this fantastic business a truly remarkable opportunity for any discerning buyer. To avoid missing out, we encourage interested parties to reach out with their inquiries promptly, as such a lucrative opportunity is expected to be quickly secured. Please contact us today to learn more about this exceptional business.

- No requirement to live onsite and no office hours.
- No requirement to purchase any manager's residence.
- MLR portfolio with a business-only structure offers the incoming operator freedom and flexibility.
- Strong combined net profit $580k+ pa backed by a great body corporate salary +339k pa, delivering a strong ROI.
- Two spacious offices and a boardroom on title.
- Manageable caretaking duties with long term caretaking and letting agreement with over 21 years remaining.
- Potential to boost profit substantially by converting permanent lets to holiday/short term lets.
- Strategically located near Bond University and Varsity Lake College, with easy access to essential amenities and renowned Gold Coast beaches.
- Supervisory role only - body corporate pays contract to service/maintain pool and garden.
- Inspection by appointment only.
Date updated: 06 Dec 2024 11:50:51