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CENTRALLY LOCATED IN SOUTH VARSITY LAKES - PROFITABLE MR DUO WITH SOLID ROI | Resort Brokers ID : MR008893
$3,458,000
Permanent Management Rights, Varsity Lakes QLD
Ideally located in the highly sought-after suburb of Varsity Lakes, ResortBrokers offers to market, an exceptional duo of businesses in this thriving, high-growth area - renowned for its strong residential lettings market, close proximity to schools, and only minutes from Burleigh Beach and major amenities.
Operated as a single, successful management rights business, this asset is underpinned by long-term agreements and a strong relationship with a proactive body corporate, further enhanced by a healthy $258,087 annual remuneration and solid ROI.
With its prime location, this well-established and scalable business opportunity offers exceptional flexibility, including no set office hours. Positioned for future growth, it presents a rare chance to secure a premium management rights business in sought-after Varsity Lakesact quickly to capitalise on this opportunity.
- Impressive $248k body corporate remuneration
- 208 units with a solid letting of 70 units ensuring a reliable and ongoing income stream
- Significant growth potential with 34 external agents
- Flexible operations with no set office hours
- Strong body corporate relationship with proactive ownership
- Generously sized three-bedroom, two-bathroom apartment featuring a private courtyard
- Expansive sales and letting office operated under exclusive use
- Secure long-term agreements with 20+ years remaining
- Inspections are by appointment only
Date updated: 10 Sep 2025 23:00:02
More Information
- Total Purchase Price: $3,458,000
- Net Income: $ 454,748
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 870,000
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?