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

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

ARIA Property has had the pleasure of working with Tim on our 3 most recent projects, VINE, Jardin and Austin. Tim is very knowledgeable in off the plan multi-unit residential and his enthusiasm is infectious. He has shown to have a good work ethic and has been very transparent in all of his dealings.  ARIA Property Group will continue working with Tim on its upcoming developments.      

- Tim Forrester
Managing Director,
ARIA PROPERTY GROUP

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