Varsity Lakes, Queensland

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

$2,516,000

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 19 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 $2,516,000, 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: $2,516,000
(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: $2,516,000 Net Profit: $330,880 Remuneration / Body Corp Salary: $273,192

Managers Unit

Value of Managers Apartment: $998,000Bedrooms: 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 recurring Body Corporate salary of $273,192 plus GST, with annual CPI indexation, providing exceptionally reliable cashflow.
2. More than 80% of total earnings derived from the salary, indicating low revenue volatility.
3. Very high reported net profit of $330,880, signalling strong profitability for the business.
4. Long-term 25 year management agreement in place, with 17 years remaining, offering contractual security.
5. Small, easy letting pool of just 19 units, all permanent rentals, reducing management complexity.
6. Multiple identified income upside opportunities through rentals, sales, repairs and related services.
7. Manager’s modern 3-bedroom townhouse included in the sale, featuring 2 bathrooms, double garage, air-conditioning and a large courtyard.
8. Spacious professional office on title with a separate entrance, supporting on-site operations and client access.
9. Prime waterfront location on the Gold Coast, noted as one of the best positions, enhancing appeal to residents and visitors.
10. Flexible operating arrangements with no set office hours, allowing owner-operator lifestyle flexibility.
11. Asking price $2,516,000 inclusive of the manager’s real estate, allowing clarity on transaction scope and asset inclusion.

Management Rights Multiplier: 4.59
ROI Estimate: 21.80%