Prime Management Rights in Robina - High Returns&Modern Facilities | Resort Brokers ID : MR008617

$5,905,000

Permanent Management Rights, VARSITY LAKES QLD

ResortBrokers is privileged to showcase an outstanding business opportunity at South Lakes At Varsity, a prime location in Varsity Lakes. This permanent residential complex features 398 units, with 148 in the letting pool, and generates a robust net profit of $712,000. The management rights business offers a secure 23-year tenure, a luxurious managers unit, and resort-style facilities. With high-body corporate remuneration exceeding $720,000, this asset is a compelling acquisition for experienced operators seeking growth potential and stability in a thriving community.

- Trophy asset with incredibly high BC remuneration exceeding $720k
-398 units with 148 in the letting pool, offering growth potential via 65 outside agents
- Detached ground-level office/reception with two additional offices plus a storage space
- Luxurious manager's unit with three bedrooms, two bathrooms, study, three car spaces, ample storage and a large deck overlooking the lake
- Resort-style facilities including pool, gym, cinema, golf simulator, spa, sauna, residence lounge, and barbecue area
- Integrated urban community just 5km from Broadbeach's commercial district
- Waterfront units with designer finishings in two, and three-bedroom configurations
- Prime location in the sought-after Varsity Lakes precinct, close to amenities
- Inspections are by appointment only
Date updated: 01 Apr 2025 00:00:03

More Information

Financial Overview

Total Purchase Price: $5,905,000
Net Income: $ 712,000 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 1,640,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}
Multiplier: undisclosed
_{Estimated number of years till the Net Income reaches the Purchase Price of the business component. Other factors such as lifestyle, workload, location and offering should always be considered ahead of the multiplier when evaluating a Management Rights business.}

Letting Business

Letting Pool: 124
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 184
_{Number of units resided in by their owners.}

Lock Ups: 0
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 65
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 398
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 720,280
_{This is the body corporate caretaker salary. It is included in the Net Income above.}

Agreement Term: 25 years
_{How long is the caretaking contract.}

Agreement Remaining: 23 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 0 years
_{How long has the management rights existed.}

Office Hours: No set office hours
_{Required Office Hours}

Complex Features: Pool, Gym, Cinema, Golf Simulator, Spa, Sauna, Residents Lounge&BBQ, direct lake access

Real Estate Component

Manager's Unit: 3 2

Included Real Estate: $ 1,640,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 3

Office On Title: 1
_{Is there a manager's office included on the title?}

Pets: yes
_{Can the manager own a pet on site?}

Unit Features: The Managers Lot incorporates residential and office components. The unit is situated on level 2 and comprises of 3 bedrooms, study and 2 bathrooms and is complemented by a large balcony overlooking Lake Orr.