Maximise Your Income - Become Managing Partners In Central Brisbane
Maximise Your Income - Become Managing Partners In Central Brisbane
Maximise Your Income - Become Managing Partners In Central Brisbane
Maximise Your Income - Become Managing Partners In Central Brisbane
Maximise Your Income - Become Managing Partners In Central Brisbane
Maximise Your Income - Become Managing Partners In Central Brisbane
Maximise Your Income - Become Managing Partners In Central Brisbane
Maximise Your Income - Become Managing Partners In Central Brisbane
Maximise Your Income - Become Managing Partners In Central Brisbane

Maximise Your Income - Become Managing Partners In Central Brisbane

$792,000Sold

Golden opportunity for an experienced management couple to become the managing partners in an established Brisbane partnership, earning a fantastic return on investment.

Key Features

  • Student focussed management rights business in prime central Brisbane location
  • 6 level mid-rise comprising of 75 apartments with 40 in on-site letting pool
  • Advertised price based on a 30% equity share – current owners flexible on equity share (could be more or less)
  • Advertised net profit based on a $90,000 salary + 30% share of operating profit + $20,000 for management of small external rent roll (no value attributed to rent roll in asking price)
  • Very pro-active and friendly partnership – very keen to support and assist new management couple into role
  • Incentives on offer for management couple able to grow and improve business
  • Clear and identifiable upside in various aspects of the business
  • 3 bedroom, 2 bathroom managers residence – paid for by partnership
  • Call Alex Cook on 0467 600610 for more details – experienced managers preferred

NB: Property inspections are by appointment only

Key Details

Listing Ref: MR004419
Property Type: Management Rights
Region: QLD - Brisbane
Suburb: South Brisbane
Sale Type: Management Rights - All
Net Profit: $202,000
Price: $792,000

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 were 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 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
Vendors,
Blue Waters Apartments

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

We also appreciated Alex's accessibility and acknowledge the personal time that he sacrificed to maintain a continuous communication channel for our queries.We will certainly recommend Alex to our friends and colleagues for that moment when they too decide to seek a different life.

- Peter and Kim Holthouse WINDSURFER RESORT