RECEIVERS' SALE - 'PALMERSTON TOWER' - MANAGEMENT RIGHTS AND MANAGERS UNIT
RECEIVERS' SALE - 'PALMERSTON TOWER' - MANAGEMENT RIGHTS AND MANAGERS UNIT
RECEIVERS' SALE - 'PALMERSTON TOWER' - MANAGEMENT RIGHTS AND MANAGERS UNIT
RECEIVERS' SALE - 'PALMERSTON TOWER' - MANAGEMENT RIGHTS AND MANAGERS UNIT
RECEIVERS' SALE - 'PALMERSTON TOWER' - MANAGEMENT RIGHTS AND MANAGERS UNIT
RECEIVERS' SALE - 'PALMERSTON TOWER' - MANAGEMENT RIGHTS AND MANAGERS UNIT
RECEIVERS' SALE - 'PALMERSTON TOWER' - MANAGEMENT RIGHTS AND MANAGERS UNIT
RECEIVERS' SALE - 'PALMERSTON TOWER' - MANAGEMENT RIGHTS AND MANAGERS UNIT
RECEIVERS' SALE - 'PALMERSTON TOWER' - MANAGEMENT RIGHTS AND MANAGERS UNIT
RECEIVERS' SALE - 'PALMERSTON TOWER' - MANAGEMENT RIGHTS AND MANAGERS UNIT

RECEIVERS' SALE - 'PALMERSTON TOWER' - MANAGEMENT RIGHTS AND MANAGERS UNIT

Expressions of InterestSold

Key Features

  • 16 story high-rise consisting of 49 units
  • 21 units in on-site letting pool
  • *Net profit of $178,116 for the period 1/7/12 - 30/6/13
  • Caretaking income of $80,588 as of June 30th 2013 (subject to annual increases in accordance with the terms of the caretaking agreement)
  • Swimming pool, spa and BBQ area
  • 2 bedroom 2 bathroom managers unit with detached office (to be sold in conjunction with managers unit)
  • Located at 114 Marine Parade, Southport, Gold Coast QLD

Expressions of interest closes on Monday 2nd of December 2013

Call Alex Cook on 0467 600 610 for further details.

*These figures have been provided by third parties and have not been independently verified by the receivers and managers or the agent. The receivers and managers and the agent give no assurances, representations or warranties that the information is accurate, current or complete. Any interested party should make and rely on their own enquiries.

Key Details

Listing Ref: MR002771
Property Type: Management Rights
Region: QLD - Gold Coast
Suburb: Southport
Sale Type: Management Rights - All
Net Profit: $178,116
Price: Expressions of Interest

Listing Agent(s)

Agent Feedback

Alex had our business sold within a week for the asking price. Also he had a back up offer for the same price, his professionalism and work ethics are second to none.

- Laraine & Col Fields
Previous vendors,
Emerald Village Apartments

Alex is a very professional and effective Management Rights Broker and we would highly recommend him to any managers wishing to sell their Management Rights and prospective managers wishing to purchase Management rights.

- Allan & Margaret Ott
Vendor,
Management Rights

Glenn is a very successful agent and one of the few agents to achieve regular sales of large management rights businesses throughout the past two to three years when sales overall have been at a very low level. Glenn is very thorough in his approach to his work, gaining a good understanding of the properties he lists and the sellers he represents.

- John Mahoney
Manager,
MAHONEY LAWYERS