Large North Brisbane Permanent Management Rights, Manager Lives Off Site
Large North Brisbane Permanent Management Rights, Manager Lives Off Site
Large North Brisbane Permanent Management Rights, Manager Lives Off Site
Large North Brisbane Permanent Management Rights, Manager Lives Off Site
Large North Brisbane Permanent Management Rights, Manager Lives Off Site
Large North Brisbane Permanent Management Rights, Manager Lives Off Site
Large North Brisbane Permanent Management Rights, Manager Lives Off Site
Large North Brisbane Permanent Management Rights, Manager Lives Off Site
Large North Brisbane Permanent Management Rights, Manager Lives Off Site

Large North Brisbane Permanent Management Rights, Manager Lives Off Site

$2,095,000

Great opportunity to purchase the management rights to this well-established villa / townhouse complex, located in a peaceful suburb within easy reach of central Brisbane. Current managed by a single operator who lives off-site.

Key Features

  • 113 villas and townhouses - 74 managed in on-site letting pool
  • Body corporate salary of circa $135,000 (CPI linked)
  • Manager lives off-site, manager’s residence currently rented out (additional $15,000 in rent per annum)
  • Spacious 4 bedroom, stand-alone manager’s residence - ideal for operator with family OR
  • Ideal for operator looking to live off-site and/or as an add-on business for existing operator
  • Good relationship with committee, good tenure to agreements
  • Currently managed by single operator – good scope for experience to add further income streams
  • If you’re looking for a stable and secure business, you can’t do much better than this.

NB: Property inspections are by appointment only

Key Details

Listing Ref: MR004949
Property Type: Management Rights
Region: QLD - Brisbane
Suburb: Bridgeman Downs
Sale Type: Management Rights - All
Net Profit: $284,691
Price: $2,095,000

Listing Agent(s)

Agent Feedback

From the time of engagement, Alex was extremely pro-active in finding the right buyer. At all times, Alex kept me updated during progression of the sale process, acted in a professional manner; sorted out any issues that surfaced during the sale and went above and beyond to ensure all parties were working effectively towards completion. Without Alex's input and assistance I am sure the sale would not have been completed in the professional manner that it was.

- Brad Marquart
Vendor,
Waters Edge on the Broadwater

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

Alex is a very professional and effective Management Rights Broker and we would highly recommend him to any managers wishing to sell their Management Rights and prospective managers wishing to purchase Management rights.

- Allan & Margaret Ott
Vendor,
Management Rights