Near New, Large Permanent Management Rights in Queensland Growth Corridor
Near New, Large Permanent Management Rights in Queensland Growth Corridor
Near New, Large Permanent Management Rights in Queensland Growth Corridor
Near New, Large Permanent Management Rights in Queensland Growth Corridor
Near New, Large Permanent Management Rights in Queensland Growth Corridor
Near New, Large Permanent Management Rights in Queensland Growth Corridor
Near New, Large Permanent Management Rights in Queensland Growth Corridor
Near New, Large Permanent Management Rights in Queensland Growth Corridor
Near New, Large Permanent Management Rights in Queensland Growth Corridor

Near New, Large Permanent Management Rights in Queensland Growth Corridor

$1,795,000 Exclusive

Incredible (and rare) opportunity to purchase the management rights to a high quality townhouse complex that only opened in 2016. The developer has secured all letting appointments and tenanted all apartments - so this near new complex is presented to the market as a fully established business!

Key Features

  • Near new 111 x 3 bedroom townhouse complex in growth corridor of Ipswich
  • Almost all units managed in on-site letting pool – only one owner occupier, five outside agents
  • Very clean P&L - only based on BC salary and letting income
  • Good scope to implement additional income streams and grow bottom line.
  • 22 years remaining on caretaking and letting agreements.
  • Great value / high quality 3 bedroom, 2 bath, 2 car park manager’s residence ($345,000)
  • Potential of current contracted on-site caretaking staying on to create passive investment
  • $280 K Net Profit
  • Call Nathan Eades on 0448 339 920 or Alex Cook on 0467 600 610 or for more details

NB: Property inspections are by appointment only

Key Details

Listing Ref: MR004795
Property Type: Management Rights
Region: QLD - Brisbane
Suburb: Bundamba
Sale Type: Management Rights - All
Net Profit: $280,000
Price: $1,795,000

Listing Agent(s)

Agent Feedback

We have recently concluded the sale of our busy holiday resort, and feel very fortunate indeed that Alex Cook of Resort Brokers was our Agent throughout this process.We started the sale process by meeting with several brokers, all of whom where very experienced and had excellent reputations, however, once we met Alex we knew that we would be in good hands through the inevitable challenges of the sales process.Alex proved to be very hard working, proactive, and resourceful. Importantly, he has excellent relationships with all the key specialists in the Management Rights industry - Accountants, Valuers, Financiers, Finance Brokers and Lawyers. Without exception, all of the specialists we worked with throughout the sale process all held Alex in the highest regard, and there was always a congenial and cooperative attitude from them as we worked through the key steps in the sale. I believe that Alex was able to achieve the best possible outcome.We are grateful for his enthusiasm, his focus and his positive attitude, and would have no reservations whatsoever in highly recommending him to any Resident Letting Agent who is thinking of selling.

- Darren & Judy Ackland
Vendor,
Blue Waters 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

The recent sale of our large motel was tricky and stressful to say the least. Throughout the transaction Nathan guided both us as vendors and the buyers through the process with professionalism & composure. His friendly & outgoing manner ensured that all inspections were simple and relaxed everyone. His knowledge and ability under pressure ensured we made it to settlement day.  We would thoroughly recommend Resort Brokers and Nathan to anyone looking at selling their business.

- Melanie
Vendor,
Pegasus Motor Inn