Business-Only Permanent MLR Netting $300K | Resort Brokers ID : MR008257
$1,950,000
Permanent Management Rights, Varsity Lakes QLD
ResortBrokers exclusively presents a uniquely designed high-quality building complex. Located in the thriving Gold Coast suburb - Varsity Lakes.
The complex offers genuine business-only structure. The manager is not required to live on-site or adhere to any set office hours. This business offers a robust ROI backed by a solid Body Corporate salary which makes this business a must-consider.
This business-only management rights requires no commitment to purchase a manager's residence or reside on site making it an excellent addition to an operator's existing portfolio. With no fixed office hours and a large office on title offers great flexibility on how the manager wants to operate their business.
This exclusive opportunity offers the manager a solid Body Corporate salary, underpinned by lengthy Caretaking&Letting agreements and a consistent letting pool. The caretaking duties are very manageable as body corporate bears all costs for professional contractors to service/maintain the swimming pool and the gardens, and there is further upside potential to increase revenue.
Conveniently located only 2 mins drive from the prestigious Bond University, and neighbouring the Varsity Lakes College as well as restaurants, cafes, and shops at Varsity Lakes Town Centre, these permanent accommodations offer easy access to all essential amenities. This is an ideal acquisition for an experienced manager, or first-time operator looking to run a profitable business and enjoy a convenient location.
- Long agreement terms - 21 years
- No requirement to reside onsite
- No set office hours
- 81sqm office on title - $280,000
- Stable and consistent letting pool
- Strong Body Corporate salary
- Easy and very manageable caretaking duties
- Body corporate bears all costs for professional contractors to service/maintain the swimming pool and the gardens
- Very supportive body corporate
- Highly desirable location with high rental demands
- Robust return on investment
- Property inspections are by appointment only
Date updated: 25 Jun 2024 23:00:02
More Information
- Total Purchase Price: $1,950,000
- Net Income: $ 300,946
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 280,000
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?