Management Rights are so scarce in the Northern Territory, coming to market very infrequently. This is particularly significant as Cullen Bay Resorts form Darwin’s most well-established and largest residential resort complex privately owned and operated under this model.

Key Features

  • Rarely available, longestablished Darwin management rights
  • Large letting pool, quality accommodation and resort facilities
  • Premium Cullen Bay Marina precinct location close to all amenities
  • Short-term / permanent mix - flexibility to manage market fluctuations
  • Long tenure with opportunity to further top up agreements
  • High netting business underpinned by substantial body corporate income
  • Established long-term relationships with several repeat corporate clients
  • Established, staffed and running like clockwork
  • Opportunities for growth – extend term, expand letting pool
  • Suit hotel groups, experienced private operators and investors

NB. Property inspections are by appointment

Key Details

Listing Ref: MRB005497
Property Type: Management Rights
Region: NT - North
Suburb: Darwin
Sale Type: Management Rights - Business only
Net Profit: $835,569
Price: $4,900,000

Listing Agent(s)

Agent Feedback

Industry specialisation, a focussed approach and a lot of energy - Ian and his Resort Brokers team are delivering what the market they serve, needs.

- John Smith CEO, HORWATH HTL AUSTRALIA

I would like to say thank you very much to Trudy for steering our deal across the line! All negotiations these days seem to take time and I appreciated her persistence, communication & feedback along the way. The purchasers seem intent on making the operation a success and with the help of others I think we have a good shot of kicking the complex away nicely. Looking forward to settling and cracking the bubbly!!

- Sandy Murdoch
Vendor,
Oshen Apartments

Selling our Canberra property was a big step for us after 22 years. It was a complex ‘hybrid’ sale that involved management rights plus a large number of freehold units. It also hinged on gaining the agreement of many other individual owners to sell their units. Ian Crooks and Russell Rogers of Resort Brokers Australia handled what were lengthy negotiations with diligence, persistence and discretion. Their insight and knowledge of the market were invaluable in getting the deal across the line. At the same time, their patience and attentive service helped to smooth the whole process for us. Resort Brokers' expertise delivered a successful result for everyone involved.

- Jim Stanwell
Vendor,
Canberra Capital Executive Apartment Hotel