Varsity Lakes, Queensland

Boutique Security Gated Complex!!!

SOLD

Business Description

Boutique Security Gated Complex!!!

Business Summary

Business Snapshot

Price: SOLD Net Profit: $50,000 Remuneration / Body Corp Salary: $49,000

Managers Unit

Value of Managers Apartment: $830,000Bedrooms: 3Bathrooms: 2Car Spaces: 3Office: On Title

Complex Information

Complex Type: PermanentTotal Units in Complex: 22Total Units in Letting Pool: 4Agreement Module: StandardAgreement Term: 10 yearsAgreement Term Remaining: 5 yearsPool: Yes
Marketing Agent
Gavin Mattig
Gavin Mattig

Gavern Property - Management Rights

Gavern Property - Management Rights

Key Investment Insights

AI generated. Confirm details with the seller.

1. Business listed as SOLD, current snapshot shows net profit $50,000, indicating modest operating earnings.
2. Remuneration / body corporate salary $49,000, almost equal to reported net profit, suggesting owner/manager income is a substantial portion of returns.
3. Managers apartment valued at $830,000, representing a significant on‑title capital asset relative to business earnings.
4. Managers unit is substantial, 3 bedrooms, 2 bathrooms and 3 car spaces, supporting live‑in management and multiple vehicle requirements.
5. Office is on title, providing operational permanence and potential sale or financing advantages separate from business goodwill.
6. Complex is permanent type with 22 total units, positioning it as a small boutique development with limited scale.
7. Only 4 units in the letting pool, implying current short letting exposure and potential upside to increase managed inventory if permitted.
8. Agreement module is standard with a 10‑year term and approximately 5 years remaining, offering contract stability but limited remaining tenure to renegotiate.
9. Onsite pool is an amenity that enhances guest appeal and can support premium pricing or higher occupancy.

Management Rights Multiplier: 1.50
ROI Estimate: 5.52%

Listing location
Gallery

This Business is sold

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