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LIFESTYLE, INCOME&LOCATION + BC SALARY = 80% OF NET PROFIT | Resort Brokers ID : MR008823
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Permanent Management Rights, VARSITY LAKES QLD
Lakeside on Varsity offers an incredible chance to acquire a high-performing permanent management rights business in a sought-after gated community in Varsity Lakes, just minutes from Burleigh Beach and major amenities.
The lakefront managers residence is a spacious and well-appointed 3-bedroom, 2-bathroom townhouse with a large attached office - ideal for families. Perfectly positioned next to one of the Gold Coasts top-rated state schools, this residence combines lifestyle, income, and location in one unbeatable package!
Thisresidential complex of 99 townhouses is immaculately maintained and professionally run. The business currently manages 19 townhouses in the onsite letting pool, generating strong rental returns and appealing to both tenants and investors. An additional 15 units managed by outside agents present a significant growth opportunity for an astute buyer to expand the letting pool and increase revenue.
With no set office hours, the option for a nominee to reside, and a cooperative Body Corporate committee, this is a flexible and scalable business with strong foundations and further upside.
The motivated vendor is ready to meet the market, making this an ideal opportunity for lifestyle buyers, management rights newcomers, or experienced operators looking to grow.
- High Body Corporate Salary circa $260k equates to over 80% of the Net Profit
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3-bed, 2-bath manager's townhouse, double garage, option for nominee to reside
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Large on-title office and reception attached for ease of running business
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Potential to growletting pool by converting external appointments
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Permanent residential gated complex, minutes to Burleigh Beach
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Accommodation module agreements inplace offering security
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Proactive BC committee, no set office hours
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Inspections are by appointment only
Date updated: 14 Oct 2025 22:00:02
More Information
- Total Purchase Price: Contact Agent
- Net Income: $ 321,984
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 980,000
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?