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PERMANENT MLR + 260K BC SALARY + OPTION FOR NOMINEE TO RESIDE | Resort Brokers ID : MR008823
$2,498,000
Permanent Management Rights, VARSITY LAKES QLD
ResortBrokers presents, Lakeside on Varsity, a high-performing management rights business in Varsity Lakes, minutes from Burleigh Beach and major amenities.
This gated, permanent residential complex of 99 townhouses, with 20 in the onsite letting pool, is attractive to both the tenant and investor marketplace, with the townhouseshaving strong rental returns.
The 15 townhouses managed by outside agents provide significant upside for a buyer to grow the letting pool, further enhancing returns on top of the $321k net profit, inclusive of a healthy BC Salary circa $260k.
The lakefront, spacious manager's residence, is a well-appointed 3-bed, 2-bath townhouse with large office attached, perfect for a family, ideally located next to one of the best state schools on the Gold Coast.
Run efficiently, impeccably maintained, and solid working BC committee relationships, this is a scalable, well-established business opportunity, with no set office hours, and option for nominee to reside, it offers unparalleled flexibility with upside.
- Highbody corporate salary, circa $260k, proactive BC committee
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Flexiblewith option for nominee to reside, no set office hours
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Residential gated complex, minutes to Burleigh Beach
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Potential to growletting pool by converting external appointments
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Lakefront, 3-bed, 2-bath manager's townhouse with double garage
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Large on-title office and reception attached for ease of running business
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Accommodation module agreements inplace offering security
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Inspections are by appointment only
Date updated: 31 Jul 2025 10:14:59
More Information
- Total Purchase Price: $2,498,000
- Net Income: $ 321,984
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 950,000
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.
Number of units the manager is authorised to manage.
Number of units resided in by their owners.
Number of units owners are not renting out, but also do not live in.
Number of units being rented by other agents (these could potentially be acquired by the manager).
The total number of units within the complex.
This is the body corporate caretaker salary. It is included in the Net Income above.
How long is the caretaking contract.
How long remains on the caretaking contract before it must be renewed?
How long has the management rights existed.
Required Office Hours
The value of on-title property included with the business. Its price is included in the Total Purchase Price.
Is there a manager's office included on the title?
Can the manager own a pet on site?