Varsity Lakes, Queensland

PERMANENT MANAGEMENT RIGHTS GOLD COAST - HIGH NET PROFIT

Under Contract / Offer

Business Description

Premier Business Sales are offering to market an outstanding opportunity to secure a well-established permanent management rights business in a highly sought-after Gold Coast location.

The well-maintained complex is centred around an attractive recreational precinct featuring a saltwater swimming pool, spa, and outdoor BBQ pavilion a strong drawcard for long-term tenants.

The manager’s residence is a spacious two-level townhouse offering: 3 generous bedrooms 2.5 bathrooms double lock-up garage, double carport and a large on-title office providing both comfortable living and practical workspace.

The business operates with no set office hours and has the security of long-term agreements in place, complemented by an attractive and secure body corporate salary and a small manageable permanent letting pool. This represents an outstanding opportunity for experienced operators or first-time buyers seeking a secure income stream combined with a quality lifestyle in a premium location.

- Generous Net Profit $330,880

- Great Body Corporate Salary $273,192

- Long Agreements

- No Set Office Hours

- Small Stable Manageable Permanent Letting Pool

- Strong Upside Potential through Rentals, Property Sales and Repairs

- Excellent Convenient Lifestyle Location

- Generous 3 Bedroom Managers Townhouse with Large Courtyard

- Spacious Office Space with Separate Entrance

Enquire today as opportunities in this tightly held area are always in high demand.

Property Code: 109

Business Summary

Business Snapshot

Price: Under Contract / Offer Net Profit: $330,880 Remuneration / Body Corp Salary: $273,192Business Value: $1,536,000Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $992,000Bedrooms: 3Bathrooms: 2Car Spaces: 2Office: On TitlePets OK: Yes

Complex Information

Complex Type: PermanentTotal Units in Complex: 99Total Units in Letting Pool: 18Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 16 yearsPool: YesSpa: YesBBQ Area: YesWIFI: Yes

Marketing Agent

Scott Saunders

Premier Business Sales

Key Investment Insights

1. Permanent management rights business on the Gold Coast, listed as Under Contract / Offer.
2. Strong reported net profit of $330,880.
3. Substantial body corporate salary of $273,192, reviewed annually by CPI.
4. Long-term agreements, 25 year agreement with approximately 16 years remaining.
5. Small, stable permanent letting pool of 18 units within a 99 unit complex, offering manageable operations.
6. Manager’s two-level townhouse on-title, valued at $992,000, with three bedrooms, 2.5 bathrooms, large courtyard and on-title office.
7. Manager residence includes double lock-up garage and double carport, supporting convenient vehicle storage.
8. No set office hours, providing operational flexibility for the manager.
9. Complex recreational precinct features saltwater swimming pool, spa, outdoor BBQ pavilion and WiFi, enhancing tenant appeal and long-term occupancy.
10. Clear upside potential through increased rental income, property sales and repairs as noted in the listing.
11. Pets permitted in the manager unit, supporting lifestyle appeal.
12. Agreement module listed as Accommodation, indicating core revenue from long-stay residential management.

Management Rights Multiplier: 4.64
ROI Estimate: 13.09%