Is This Management Rights Too Good to be True?
Is This Management Rights Too Good to be True?
Is This Management Rights Too Good to be True?
Is This Management Rights Too Good to be True?
Is This Management Rights Too Good to be True?
Is This Management Rights Too Good to be True?
Is This Management Rights Too Good to be True?
Is This Management Rights Too Good to be True?
Is This Management Rights Too Good to be True?
Is This Management Rights Too Good to be True?

Is This Management Rights Too Good to be True?

$1,950,000

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 was always accessible by phone and returned calls promptly when he was not available. He always obtained answers to any questions that we had during all of the above processes.We would not hesitate to recommend Glenn to any potential client.

- V Galle and S Boughton OCEANS MOOLOOLABA

Throughout the process of searching for a business, identifying possible purchases, investigating and ultimately negotiating the contract of sale, we found that Glenn was very helpful and informative. He assisted with his industry knowledge and advice whilst maintaining a professional approach. This allowed us to make an informed decision to purchase.

- V Galle and S Boughton OCEANS MOOLOOLABA

I’ve been in the Management Rights business for 15 years and have only used Resort Brokers for transactions. Almost a decade ago Glenn Millar successfully managed my sale of Oceans Mooloolaba. Five years ago I bought The Rise Noosa through Glenn and also sold it through him recently. As always Glenn has been totally professional, is well respected and knows the industry like few others. My Company also recently acquired Peppers Hervey Bay (now known as Oceans Resort & Spa Hervey Bay). This was a particularly complex transaction but, again, Glenn handled his part most effectively.

- Gary Rice
Chairman,
Oceans Resort & Spa, Hervey Bay