Varsity Lakes, Queensland

Varsity Lakes MR Portfolio – No Live-Onsite Requirement & Strong Returns | Resort Brokers ID : MR008896

$1,690,000

Business Description

Explore this premium offering in the dynamic and in-demand Varsity Lakes precinct, a rare portfolio comprised of four well-established management rights businesses, delivering strong returns and significant growth potential.

Notably, all four properties feature no set office hours and no requirement to reside onsite, offering exceptional operational flexibility. In addition, the manager’s two-bedroom unit at Varsity Manor is generates $41,600 per annum in passive income.

Positioned close to Bond University, local shops, restaurants and cafes, with convenient access to the M1 motorway, Varsity Lakes is a high-demand location known for its lifestyle, cultural amenities and consistent high rental demand.

Underpinned by long-term agreements and a strong Body Corporate salary of $148,906, this is a fantastic business opportunity for buyers seeking secure, scalable management rights - combining scale, location, and proven performance for operators looking to expand their footprint in one of the Gold Coast's most sought-after lifestyle and investment destinations, Varsity Lakes.

- 4 x Varsity Lakes streamlined MR businesses in one - grow your portfolio
- No set office hours, offering operational flexibility
- Consistent body corporate salary circa $149k, adjusted annually to CPI
- Long-term security with 22 & 24 years remaining on agreements
- Option to rent out the manager's unit, offering increased profitability of $45,000 p.a.
- Attractive portfolio add-on for local management rights operators
- Sought-after suburb drives strong rental demand, ensuring high occupancy
- Varsity Lakes location within walking distance to Bond University, shops, dining precincts and public transport
- Inspections are by appointment only
Date updated: 21 Sep 2025 23:00:07

Business Summary

Business Snapshot

Price: $1,690,000 Net Profit: $200,255 Remuneration / Body Corp Salary: $148,906

Managers Unit

Value of Managers Apartment: $820,000Bedrooms: 1Bathrooms: 1

Complex Information

Complex Type: PermanentTotal Units in Complex: 81Total Units in Letting Pool: 21Owner Occupy Units: 40Outside Agent Units: 19Agreement Term Remaining: 25 years
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