Varsity Lakes, Queensland

PERMANENT MANAGEMENT RIGHTS GOLD COAST - HIGH NET PROFIT

$2,528,000

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: $2,528,000 Net Profit: $330,880 Remuneration / Body Corp Salary: $273,192Body 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. Asking price $2,528,000 with reported net profit $330,880, implying an approximate pre-tax return of 13.1% on the purchase price.
2. Significant body corporate salary of $273,192, providing a stable, contracted income stream that comprises the bulk of reported remuneration.
3. Body corporate salary reviewed CPI annually, offering built-in inflation protection for ongoing income.
4. Long‑term agreements in place, 25 year agreement module with 16 years remaining, delivering contract security and predictable revenue.
5. Small, stable permanent letting pool of 18 units out of a 99 unit complex, indicating manageable operational workload and lower turnover risk.
6. Well‑maintained recreational precinct with saltwater pool, spa and outdoor BBQ pavilion, strong tenant and resident amenity that supports long‑term occupancy.
7. Manager’s residence is a spacious two‑level townhouse on title, 3 bedrooms, on‑title office with separate entrance, large courtyard and two car spaces, supporting both lifestyle and on‑site management.
8. On‑title office with separate entrance enhances professional operations and potential to run administration from the residence.
9. No set office hours model reduces labour intensity and supports lifestyle alignment for owner‑operators.
10. Notable upside opportunities identified via increased rentals, property sales and repairs, suggesting scope to grow income beyond current net profit.

Management Rights Multiplier: 4.64
ROI Estimate: 21.54%