The ideal South Brisbane MR - Established Large Scale with Long Term Agreements
The ideal South Brisbane MR - Established Large Scale with Long Term Agreements
The ideal South Brisbane MR - Established Large Scale with Long Term Agreements
The ideal South Brisbane MR - Established Large Scale with Long Term Agreements
The ideal South Brisbane MR - Established Large Scale with Long Term Agreements
The ideal South Brisbane MR - Established Large Scale with Long Term Agreements
The ideal South Brisbane MR - Established Large Scale with Long Term Agreements
The ideal South Brisbane MR - Established Large Scale with Long Term Agreements
The ideal South Brisbane MR - Established Large Scale with Long Term Agreements
The ideal South Brisbane MR - Established Large Scale with Long Term Agreements

The ideal South Brisbane MR - Established Large Scale with Long Term Agreements

$3,700,000Sold

The Plaza offers the opportunity to acquire a management rights business with a net income well in excess of $500,000 + p.a. for a building that has experienced strong historic occupancy towards 100%

Key Features

  • Modern building completed in 2014 with letting pool of 160 units offering 25 year agreement terms from commencement - circa 23 years remaining
  • Strong Body Corporate salary of in excess of $215,000 p.a. 
  • Sensational South Brisbane location overlooking quiet, leafy park while still having South Bank’s Parklands/Retail and West End’s Boundary Street precinct all within walking distance
  • Includes the purchase of 2 bedroom, 2 bathroom apartment for $550,000 with no requirement to live onsite, allowing you to rent, sell or live in - it's your choice
  • Strong tenant demand due to locality to Brisbane’s largest employment node in CBD, numerous universities/private colleges, private schools/Brisbane State High’s catchment, hospitals, public transport, museums/GOMA and smorgasbord of lifestyle precincts
  • Great reception area in the lobby with separate office if you want to work without being disturbed, no requirement to live onsite (with no set office hours)
  • Small garden terrace with pool, BBQ and multiple relaxation zones in addition to a gym and library area that provides ideal tenant amenity without excessive caretaking duties
  • Modern functional units that must offer what the market is looking for given the strong historical occupancy of towards 100%
  • Profit and Loss statement has been independently verified at $500,000+ by specialist industry accountant Holmans
  • These large scale management rights with net incomes of this size are rare and hotly contested so enquire now or you will miss out!

Business Price: $3,150,000

Unit Price: $550,000

NB: Property inspections are by appointment only

Key Details

Listing Ref: MR004565
Property Type: Management Rights
Region: QLD - Brisbane
Suburb: South Brisbane
Sale Type: Management Rights - All
Net Profit: $520,000
Price: $3,700,000

Listing Agent(s)

Agent Feedback

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 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

Tim is helpful, friendly and passionate about the management rights industry and it is a pleasure to work with such a professional who takes a long term outlook on the industry.

- Michael Kent
Queensland Development Manager,
PELLICANO GROUP