Varsity Lakes, Queensland

OFFERS OVER $899,000

Property Description

Business For Sale - Stunning Permanent Complex - ID 8950 BL

- Management Rights For Sale
- Income Opportunity
- Minimal caretaking work, easy to manage and no office hours
- Supportive committee and long agreements
- Mix of onsite rentals and an outside rent roll
- Increase the net profit by expanding the rental pool/roll
- Minimal repairs and maintenance currently being performed
- Body Corporate salary increases by 3% or CPI (whichever is greater)
- Value for money considering there is real growth opportunity
- Beautifully maintained and well appointed manager's townhouse
- Three large bedrooms, two bathrooms, air conditioning and a large attached office
- Space for two vehicles and a private courtyard
- No requirement to live onsite, manager's residence could be let for around $500 per week ($26,000 p.a)
- Close to an array of shopping, restaurants, a medical centre, schools and transport
With minimal caretaking work and it being easy to manage, this offering will suit the discerning buyer as it has a mix of on-site rentals and an outside rent roll. The opportunity exists to increase the nett profit by expanding the rental pool, not only from within the complex but growing the offsite rent roll. Repairs and maintenance is another income increasing opportunity as very little is currently being performed.

A beautifully maintained and well appointed townhouse that lends itself to very comfortable living. It has three large bedrooms, two bathrooms, air conditioning, a large attached office and space for two vehicles. With a private courtyard, this home ticks all the boxes for a single person, couple or family.

In the heart of Varsity Lakes, this residence/complex is ideally located, close to schools, shopping, a medical centre and transport. It presents great value for money, particularly considering its location and income growth opportunity.

Net Profit: $100,650
Offers Over: $899,000
(Inclusive of manager's real estate)

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

Management Rights Broker
Ian Forbes

Property Summary

Business Snapshot

Price: OFFERS OVER $899,000 Net Profit: $100,650 Remuneration / Body Corp Salary: $34,256Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $520,000Bedrooms: 3Bathrooms: 2Car Spaces: 2Office: On TitlePets OK: Yes
Beautifully maintained and well appointed, Very comfortable living, Three large bedrooms, Two bathrooms, Air conditioning, Large attached office, Space for two vehicles, Private courtyard, Ideally located

Complex Information

Complex Type: PermanentTotal Units in Complex: 26Total Units in Letting Pool: 34Permanent Units: 34Owner Occupy Units: 14Outside Agent Units: 2Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 22 yearsPool: Yes

Marketing Agent


Marketing Agency

MR Sales

Ian Forbes
MR Sales

Phone

Listing Tools

Property Map

Map Location ( get directions )

Varsity Lakes, Queensland 4227 Exact map location not provided

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