Varsity Lakes MR Portfolioâ No Live-Onsite Requirement&Strong Returns | Resort Brokers ID : MR008896

$1,690,000

Permanent Management Rights, VARSITY LAKES QLD

Explore this premium offering in the dynamic and in-demand Varsity Lakes precinct, a rare portfolio comprised of four well-established management rights businesses, delivering strong returns and significant growth potential.

Notably, all four properties feature no set office hours and no requirement to reside onsite, offering exceptional operational flexibility. In addition, the managers two-bedroom unit at Varsity Manor is generates $41,600 per annum in passive income.

Positioned close to Bond University, local shops, restaurants and cafes, with convenient access to the M1 motorway, Varsity Lakes is a high-demand location known for its lifestyle, cultural amenities and consistent high rental demand.

Underpinned by long-term agreements and a strong Body Corporate salary of $148,906, this is a fantastic business opportunity for buyers seeking secure, scalable management rights - combining scale, location, and proven performance for operators looking to expand their footprint in one of the Gold Coast's most sought-after lifestyle and investment destinations, Varsity Lakes.

- 4 x Varsity Lakes streamlined MR businesses in one - grow your portfolio
- No set office hours, offering operational flexibility
- Consistent body corporate salary circa $149k, adjusted annually to CPI
- Long-term security with 22& 24 years remaining on agreements
- Option to rent out the manager's unit, offering increased profitability of $45,000 p.a.
- Attractive portfolio add-on for local management rights operators
- Sought-after suburb drives strong rental demand, ensuring high occupancy
- Varsity Lakes location within walking distance to Bond University, shops, dining precincts and public transport
- Inspections are by appointment only
Date updated: 17 Sep 2025 11:45:44

More Information

Financial Overview

Total Purchase Price: $1,690,000
Net Income: $ 200,255 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 820,000
_{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: 21
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 40
_{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: 19
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 81
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 148,906
_{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: 25 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: Secure Gated Complex Resort-Style Pool BBQ Area&Clubhouse Tuscan-Inspired Design Secure Parking: Basement parking is available for residents.