Great opportunity to purchase the management rights to this well-established villa / townhouse complex that genuinely ticks all the boxes – agreements recently topped up to 23 years, easy to operate, ability to live off-site, spacious manager’s residence, scope for growth

Key Features

  • 113 villas and townhouses – 72 managed in on-site letting pool
  • Agreements recently topped up to 23 years + Gallery Vie friendly
  • Body corporate salary of circa $135,000 (CPI linked)
  • Manager lives off-site (with specific body corporate approval)
  • Manager’s residence currently rented out (additional $15,000 per annum)
  • Spacious 4 bedroom, stand-alone manager’s residence – ideal for manager’s with family OR
  • Ideal for operator looking to live off-site and/or as an add-on business for existing operator
  • Currently managed by single operator – good scope for hands-on couple to add further income streams
  • A great business located in a leafy and peaceful suburb!

NB: Property inspections are by appointment only

Key Details

Listing Ref: MR005136
Property Type: Management Rights
Region: QLD - Brisbane
Suburb: Bridgeman Downs
Sale Type: Management Rights - All
Net Profit: $285,713
Price: $2,060,000

Listing Agent(s)

Agent Feedback

Alex had our business sold within a week for the asking price. Also he had a back up offer for the same price, his professionalism and work ethics are second to none.

- Laraine & Col Fields
Previous vendors,
Emerald Village Apartments

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
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 where 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 the 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
Blue Waters Apartments