This modern apartment building offers the successful buyer a great opportunity to secure a low maintenance building that is well positioned in the letting market and is always full.

Key Features

  • Going concern business only management rights with long term agreements
  • Fantastic inner city location with “green” feel overlooking park and CBD views to many apartments
  • High yield of 22% given there is no requirement to purchase real estate
  • Limited caretaking duties given the common areas are
  • 25 year agreements with almost their full term remaining
  • Ideal for newcomers to the industry or local operators looking for an “add on”

 Please submit offers coupled with resumes detailing industry experience to the exclusive marketing agents, Resort Brokers Australia. 

NB: Property inspections are by appointment only

Key Details

Listing Ref: MRB005319
Property Type: Management Rights
Region: QLD - Brisbane
Suburb: Bowen Hills
Sale Type: Management Rights - Business only
Net Profit: $86,535
Price: $398,061

Listing Agent(s)

Agent Feedback

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

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