Brisbane’s Largest Established Management Rights!
Brisbane’s Largest Established Management Rights!
Brisbane’s Largest Established Management Rights!
Brisbane’s Largest Established Management Rights!
Brisbane’s Largest Established Management Rights!
Brisbane’s Largest Established Management Rights!
Brisbane’s Largest Established Management Rights!
Brisbane’s Largest Established Management Rights!
Brisbane’s Largest Established Management Rights!
Brisbane’s Largest Established Management Rights!

Brisbane’s Largest Established Management Rights!

$10,424,570 Exclusive

Central Village is a hidden oasis on the city-fringe comprising 3 Towers, 520 Apartments and outstanding Country Club facilities. Business Only Management Rights don’t get any bigger than this.

Key Features

  • 461 units in the letting pool producing an incredible Body Corporate salary of $723K and a whopping $1.6m+ nett profit!
  • A peaceful retreat near to the CBD, in a vibrant suburb with incredible appeal, superb amenity and accessibility.
  • Tranquil drought-resistant, low maintenance gardens and manageable rooftop lounges with city views.
  • Lagoon & lap pool, fitness centre, stunning dining room with kitchen and extensive billiard room.
  • Rare 25 year Principal Agreement term.  
  • 21+ years remaining on caretaking agreements assuring great security for the manager.
  • Strong 88% investor profile and close to 0% vacancy showing the solid tenant demand for Central Village.
  • Resort style facilities that help attract tenants with a very manageable caretaking workload.
  • Generous office areas and storage spaces provided to operate a business of this scale.
  • Highly established businesses with strong tenant demand for the product and location of Central Village.
  • Central Village is a truly rare combination of critical mass and high return on investment.

 EXPRESSIONS OF INTEREST CLOSE 5PM WED 6 DECEMBER 2017

 

NB: Property inspections are by appointment only

Key Details

Listing Ref: MRB004995
Property Type: Management Rights
Region: QLD - Brisbane
Suburb: Fortitude Valley
Sale Type: Management Rights - Business only
Net Profit: $1,603,780
Price: $10,424,570

Listing Agent(s)

Agent Feedback

We recently engaged Gareth Closter and Resort Brokers to sell our Management Rights at Kelvin Grove. Gareth was very thorough in explaining the entire process and demonstrated great communication skills throughout the entire transaction. Gareth was always contactable and very easy to deal with. I would have no hesitation in recommending Gareth and Resort Brokers to anyone looking to sell or purchase Management Rights in the future!

- Sarah Williams
Vendor ,
PPS Property Management

You did a great job Gareth. Very diligent and your support of the incoming purchaser is very useful. You have gone above and beyond the role of an agent, thankyou.

- James Adam
Director,
PORTFOLIO GROUP

We appointed Resort Brokers, particularly Gareth Closter, to sell a large M R business as we felt, because of previous experience, that Gareth is hard working and would do a good job for us. He exceeded our expectations in achieving a 6 times multiplier. Gareth and Resort Brokers are our go to people when buying or selling Management Rights. I have no reservations in recommending them.

- John Sklavos
Vendor,
Portside Property Services Hamilton Wharf