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THE BEST VALUE ON THE GOLD COAST +UPSIDE TO GROW. ACT FAST TO INSPECT TODAY! | Resort Brokers ID : MRB008464
$3,640,000
Permanent Management Rights, Varsity Lakes QLD
ResortBrokers introduces a high-netting, business-only MLR opportunity in the heart of Varsity Lakes. Comprising of two desirable apartment complexes, it boasts a genuine business-only structure, offering the incoming operator the freedom and flexibility to suit their circumstances. With no set office hours, or requirement to reside on site and minimal real estate to purchase in the way of office space. All this perfectly located right in Varsity Lakes CBD.
This opportunity offers a solid net profit $580k+ pa with a substantial ROI, supported by a terrific body corporate salary more than $339k pa ex GST. With easy-to-manage caretaking duties, as the body corporate covers all expenses for contractors to maintain the pools and gardens. Additionally, there is huge potential to increase profit by converting long-term rentals back into short-term holiday let or corporate stay, making this an incredible business opportunity.
This opportunity offers a robust return on investment with room to grow the bottom line, making this fantastic business a truly remarkable opportunity for any discerning buyer. To avoid missing out, we encourage interested parties to reach out with their inquiries promptly, as such a lucrative opportunity is expected to be quickly secured. Please contact us today to learn more about this exceptional business.
- No requirement to live onsite and no office hours.
- No requirement to purchase any manager's residence.
- MLR portfolio with a business-only structure offers the incoming operator freedom and flexibility.
- Strong combined net profit $580k+ pa backed by a great body corporate salary +339k pa, delivering a strong ROI.
- Two spacious offices and a boardroom on title.
- Manageable caretaking duties with long term caretaking and letting agreement with over 21 years remaining.
- Potential to boost profit substantially by converting permanent lets to holiday/short term lets.
- Strategically located near Bond University and Varsity Lake College, with easy access to essential amenities and renowned Gold Coast beaches.
- Supervisory role only - body corporate pays contract to service/maintain pooland garden.
- Inspection by appointment only.
Date updated: 24 Nov 2024 22:00:04
More Information
- Total Purchase Price: $3,640,000
- Net Income: $ 580,171
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 500,000
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?