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

$1,795,000Under Contract

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

As a first time purchaser of a leasehold motel, Nathan provided a good balance between working for the vendor and ensuring us as purchasers that we had the right information and support to see the transaction through. Negotiations are never easy and Nathan managed expectations on both sides of the transaction in a professional way that left both sides content with the price outcome. I would have no reservations in recommending or using Nathan or Resort Brokers in the future.

- Scott Campbell
Managing Director,
ISTAPR P/L

I am not often moved to write to record my appreciation and recognition of outstandingly excellent work and good practice. This is because I have seldom found it.  This is not the case with Alex Cook and Resort Brokers.  The whole experience from the initial appraisal to the signing of the contract and later advice that the purchaser's finance had been approved has been of the highest order.    

- Peter & Marg Fisher SURFERS PARADISE

The professionalism demonstrated by Alex throughout the sales process was very impressive. We made it clear from the outset that we wanted the sale to be as discreet as possible, and to be conducted as swiftly as possible. Despite the fact that this obviously hindered Alex's advertising options, he was able to arrange two days of back to back inspections, which produced 5 offers at asking price. We then worked with Alex to select the most suitable candidate. Furthermore, Alex worked tirelessly throughout the sales process, ensuring that the due diligence process went as smoothly as possible. We would have no hesitation in recommending Alex to anyone looking for a high level of service and a great result. Thank you Alex!  

- Brenton Brown
Building Manager,
Deepwater Point Apartments