Varsity Lakes, Queensland

Caretaking Only $139,000

Property Description

NO REAL ESTATE TO BUY. 26 PERCENT RETURN

This compact permanent Management Rights operation located at Varsity Lakes is within walking distance to Bond University, Varsity College, cosmopolitan cafes and restaurants, parks, walking trails and playgrounds. Robina Town Centre and our stunning surf beaches are only a few minutes’ drive away.

It is ideal as a part-time enterprise or a “Bolt On” to your existing business portfolio. A term of 19 years remaining on Agreements.

With a total of 25 units in the complex, the bulk of income is derived from Body Corporate salary $37,145 + GST p.a.

With the Body Corporate approval, no need to purchase a manager’s unit, no need to stay onsite, no set office hours and minimal grounds maintenance.

Very affordable at only $139,000, representing a total return on investment of 26% on the Caretaking duty.

Optional to take 4 letting units in the complex with net income increasing to $40,331 at the same price $139,000.

Property Summary

Business Snapshot

Price: Caretaking Only $139,000 Net Profit: $37,145 Remuneration / Body Corp Salary: $37,415Body corp salary review: CPI Annually

Managers Unit

Pets OK: Yes

Complex Information

Complex Type: PermanentTotal Units in Complex: 25Owner Occupy Units: 12Outside Agent Units: 8Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 19 yearsPool: YesBBQ Area: YesPay TV: Yes

Marketing Agent


Marketing Agency

Property Bridge

Jenny Zheng
Property Bridge

Phone

Listing Tools

Property Map

Map Location ( get directions )

Varsity Lakes, Queensland 4227 Exact map location not provided

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