Varsity Lakes, Queensland

$1,445,000

Property Description

SOUGHT AFTER LOCATION

What a great Management Rights business on the central Gold Coast!

Current managers have been in this solid permanent letting business for over seven years and wish to go bigger!!

Varsity Lakes is growing and so popular. Good quality tenants are plentiful in this prime residential area so close to everything. Walk to shops, medical centre, cafes, public transport.

In a great school zone with Varsity College nearby

Only a few minutes drive to Robina Town Centre. And beaches not far away. This peaceful and pet friendly gated community will see you impressed!

With a Body Corporate Salary of over $111,000 and 20 years remaining on management agreements do wait! Contact us now for an inspection.

Property Summary

Business Snapshot

Price: $1,445,000 Net Profit: $188,596 Remuneration / Body Corp Salary: $111,981Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $468,000Bedrooms: 3Bathrooms: 2Car Spaces: 2Office: On TitlePets OK: Yes
3 Bedroom Townhouse

Complex Information

Complex Type: PermanentTotal Units in Complex: 71Total Units in Letting Pool: 32Permanent Units: 32Owner Occupy Units: 34Outside Agent Units: 4Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 20 yearsPool: YesBBQ Area: Yes

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Map Location ( get directions )

Varsity Lakes, Queensland 4227 Exact map location not provided

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