Varsity Lakes, Queensland

Real Waterfront Paradise with High $330,880 Net - ID 8941

$2,530,000

Business Description

Permanent Management Rights For Sale
Everything at Your Doorstep with $273,192 Salary

- Stable high Body Corporate salary of $273,192 plus GST, increasing annually with CPI. More than 80% of earnings come from salary – exceptionally stable income.

- No set office hours - operate entirely under your own flexible schedule.

- Multiple income-upside opportunities through rentals, sales, repairs and more.

- Very high net profit: $330,880.

- All permanent rentals with a small and easy letting pool of just 18 units.

- 25 year long-term agreement with 17 years remaining.

- Modern townhouse featuring 3 bedrooms, 2 bathrooms, double garage, and air-conditioning.

- Large courtyard and a spacious professional office on title with separate entrance.

- Located in one of the best waterfront positions on the Gold Coast. Everything is at your doorstep - superb convenience and lifestyle.

- Total price only $2,530,000, including the quality modern 3-bedroom Manager’s townhouse.

The perfect combination of beauty, peace, and convenience, paired with easy, stable, high income. An impeccable opportunity you simply cannot afford to lose - act now to avoid regret.

Net Profit: $330,880
Asking Price: $2,530,000
(Inclusive of Manager's Real Estate)

For further information or to arrange an inspection of this Gold Coast Management Righs business for sale contact:

Management Rights Broker
Bill He

Property Code: 1088

Business Summary

Business Snapshot

Price: $2,530,000 Net Profit: $330,880 Remuneration / Body Corp Salary: $273,192Business Value: $1,470,000

Managers Unit

Value of Managers Apartment: $1,060,000Bedrooms: 3Bathrooms: 2Car Spaces: 4Office: On Title

3 bedrooms, 2 bathrooms (3 toilets), double garage plus 2 additional off street parking spaces, air conditioning throughout. Large private courtyard, spacious office on title with separate entrance.

Complex Information

Complex Type: PermanentAgreement Module: AccommodationAgreement Term: 20 yearsAgreement Term Remaining: 17 yearsPool: YesSpa: YesBBQ Area: Yes

Marketing Agent

Bill He

MR Sales

Key Investment Insights

1. Stable core income, with Body Corporate salary of $273,192 plus GST that increases annually with CPI, comprising more than 80 percent of earnings.
2. Very high reported net profit of $330,880, implying strong cash flow relative to price.
3. Asking price $2,530,000 inclusive of the manager’s real estate, manager’s unit value stated at $1,060,000.
4. Attractive net yield, with net profit representing approximately 13 percent of the asking price.
5. Long-term management agreement in place with 17 years remaining, providing contract stability for ongoing income.
6. Small, easy permanent letting pool of just 18 units, simplifying management and operations.
7. Multiple clear income upside opportunities from rentals, sales, repairs and other ancillary services.
8. Manager’s modern townhouse on title included, featuring 3 bedrooms, 2 bathrooms, air conditioning throughout, large private courtyard, double garage plus two additional off-street parking spaces, and a spacious office on title with separate entrance.
9. Flexible operational model with no set office hours, enabling owner operator lifestyle flexibility.
10. Prime waterfront Gold Coast location with on-site amenities including pool, spa and BBQ area, offering strong lifestyle appeal and tenant attraction.

Management Rights Multiplier: 4.44
ROI Estimate: 13.08%