Buy of the Year $315k Net At 4 Multiplier
Buy of the Year $315k Net At 4 Multiplier
Buy of the Year $315k Net At 4 Multiplier
Buy of the Year $315k Net At 4 Multiplier
Buy of the Year $315k Net At 4 Multiplier
Buy of the Year $315k Net At 4 Multiplier
Buy of the Year $315k Net At 4 Multiplier
Buy of the Year $315k Net At 4 Multiplier
Buy of the Year $315k Net At 4 Multiplier
Buy of the Year $315k Net At 4 Multiplier

Buy of the Year $315k Net At 4 Multiplier

$1,950,000Sold

The complex is only one year old with 23 years remaining on the 25 year accommodation module agreements, no fixed office hours and no obligation to reside onsite however we are selling this with the managers unit included. The Reception desk, storage and back office on title which offers additional; security of tenure also on title. The letting pool has steadily grown since opening with 13 units in the letting pool, netting an amazing $16,800 per unit to the manager.

Key Features

  • Near new complex in top location
  • Low multiplier
  • Low maintenance - minimal gardens
  • Great upside- letting pool growing
  • Office reception and two/three bedroom unit title
  • NO fixed office hours in agreements
  • Standard furniture package throughout

NB: Property inspections are by appointment only

Key Details

Listing Ref: MR004598
Property Type: Management Rights
Region: QLD - Sunshine Coast
Suburb: Maroochydore
Sale Type: Management Rights - All
Net Profit: $315,000
Price: $1,950,000

Listing Agent(s)

Agent Feedback

Glenn is very thorough in his approach to his work, gaining a good understanding of the properties he lists and the sellers he represents. He is careful to screen potential buyers and properly assess their capacity and likelihood to complete the purchase.

- John Mahoney MAHONEY LAWYERS

Having had two previous contracts collapse through another agency, we were extremely relieved to deal with Glenn Millar of Resort Brokers. I would strongly recommend him to anyone who is in the market for buying or selling.

- Laraine & Col Fields
Previous Vendors,
Emerald Village Apartments

We recently sold our management rights business “La Mer Apartments” in Sunshine Beach. After purchasing the business eight years ago through Glenn Millar from Resort Brokers we had no hesitation in contacting him again to get the sale process underway, once we had made a decision to move on. The sale of our complex was quick and easy, and Glenn handled the process in a very thorough and professional way. Glenn has extensive knowledge of the management rights industry, and I would definitely recommend him to anyone contemplating buying or selling.

- Michael & Lesley Minns
Vendor,
La Mer Apartments