Large scale Business-Only Permanent Management Rights | Resort Brokers ID : MRB008211
$4,215,391
Permanent Management Rights, Varsity Lakes QLD
ResortBrokers introduces a high-netting, business-only MLR opportunity in 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. On offer are two large and fully functional onsite offices and one boardroom, conveniently located in each building complex.
This opportunity offers a solid net profit with a substantial ROI of over 13.5%, supported by a reliable body corporate salary. It includes easy-to-manage caretaking duties, with the body corporate covering all expenses for professional contractors to maintain pools and gardens. Additionally, there is potential to increase profit by converting long-term rentals into short-term accommodations, making this a strong business opportunity.
This business 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.
- MLR portfolio with a business-only structure, offering freedom and flexibility to the incoming operator, complemented by two spacious onsite offices and a boardroom.
- Strong combined net profit backed by a solid body corporate salary, promising a robust ROI of over 13.5%.
- Two spacious offices and a boardroom on title.
- Manageable caretaking duties and a 25-year caretaking and letting agreement with over 21 years remaining, ensuring investment longevity and stability.
- 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 pool and garden.
- Inspection by appointment only.
Date updated: 01 May 2024 01:00:05
More Information
- Total Purchase Price: $4,215,391
- Net Income: $ 0
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 0
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?