Varsity Lakes, Queensland

$2,165,650

Property Description

HIGH QUALITY, HIGH NET PERMANENT COMPLEX - NO REQUIREMENT TO RESIDE ON SITE | Resort Brokers ID : MR006680

Be quick to act as opportunities like this don’t last long. Perfectly located in a highly sought after central gc location. This permanent/student accommodation complex is easy to manage, with no set office hours or requirement to reside on site. Upside to grow income via letting pool, units sales and repairs & maintenance.

With an extra income stream of around $35k p/a from renting out the manager’s unit, this truly is one of those rare opportunities to invest in a solid, consistent management rights business to call your own.



  • Price of manager's unit $575,000

  • High quality permanent/student accommodation complex in central GC location

  • 25 year agreements

  • No office hours or requirement to reside onsite

  • >274k net + around $35k manager’s unit rental extra income

  • $124k BC Salary

  • Consistent business driven by permanent and student letting

  • 3 bed, 2 bath + office manager’s unit on title - generating income

  • Property inspections are by appointment only

Date updated: 14 May 2021 13:00:06

Property Summary

Business Snapshot

Price: $2,165,650 Net Profit: $274,250 Remuneration / Body Corp Salary: $124,000

Managers Unit

Value of Managers Apartment: $575,000Bedrooms: 3Bathrooms: 2

Complex Information

Complex Type: PermanentTotal Units in Complex: 92Total Units in Letting Pool: 54Holiday Units: 54Owner Occupy Units: 31Outside Agent Units: 7Agreement Term Remaining: 25 years

Marketing Agent


Marketing Agency

ResortBrokers

Todd Warner
ResortBrokers

Phone

Listing Tools

Property Map

Map Location ( get directions )

Varsity Lakes, Queensland 4227 Exact map location not provided

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