Varsity Lakes, Queensland
Prime Management Rights in Robina - High Returns & Modern Facilities | Resort Brokers ID : MR008617
$5,905,000
Business Description
ResortBrokers is privileged to showcase an outstanding business opportunity at South Lakes At Varsity, a prime location in Varsity Lakes. This permanent residential complex features 398 units, with 148 in the letting pool, and generates a robust net profit of $712,000. The management rights business offers a secure 23-year tenure, a luxurious manager’s unit, and resort-style facilities. With high-body corporate remuneration exceeding $720,000, this asset is a compelling acquisition for experienced operators seeking growth potential and stability in a thriving community.
- Trophy asset with incredibly high BC remuneration exceeding $720k
- 398 units with 148 in the letting pool, offering growth potential via 65 outside agents
- Detached ground-level office/reception with two additional offices plus a storage space
- Luxurious manager's unit with three bedrooms, two bathrooms, study, three car spaces, ample storage and a large deck overlooking the lake
- Resort-style facilities including pool, gym, cinema, golf simulator, spa, sauna, residence lounge, and barbecue area
- Integrated urban community just 5km from Broadbeach's commercial district
- Waterfront units with designer finishings in two, and three-bedroom configurations
- Prime location in the sought-after Varsity Lakes precinct, close to amenities
- Inspections are by appointment only
Date updated: 24 Mar 2025 22:00:02
Business Summary
Business Snapshot
Price: $5,905,000
Net Profit: $712,000 Remuneration / Body Corp Salary: $720,280
Managers Unit
Value of Managers Apartment: $1,640,000Bedrooms: 3Bathrooms: 2Office: On TitleComplex Information
Complex Type: PermanentTotal Units in Complex: 398Total Units in Letting Pool: 124Owner Occupy Units: 184Outside Agent Units: 65Agreement Term Remaining: 23 years