This fantastic opportunity is a real box ticker - prime location, iconic property, immaculate condition, significant upside potential, ability to live off-site, highly supportive committee - an inspection will impress the most discerning of operators!

Key Features

  • On the market for the first time in nearly two decades.
  • One of Brisbane’s most iconic properties, steeped in history.
  • A true hotel style management rights business – 73 apartments, 52 in short-term letting pool.
  • Absolutely prime, never to be beaten, central Brisbane CBD location.
  • All rooms refurbished to an immaculate and luxurious standard in recent years.
  • Considerable capital improvements to building in recent years.
  • Opportunity to purchase at the bottom of the cycle - significant future growth potential.
  • No manager’s residence, no requirement to live on site.
  • Easy to maintain building - no pool, gardens or BBQ.

 NB: Property inspections are by appointment only

Key Details

Listing Ref: MR004745
Property Type: Management Rights
Region: QLD - Brisbane
Suburb: Brisbane
Sale Type: Management Rights - All
Net Profit: $530,000
Price: $3,600,000

Listing Agent(s)

Agent Feedback

The professionalism demonstrated by Alex throughout the sales process was very impressive. We made it clear from the outset that we wanted the sale to be as discreet as possible, and to be conducted as swiftly as possible. Despite the fact that this obviously hindered Alex's advertising options, he was able to arrange two days of back to back inspections, which produced 5 offers at asking price. We then worked with Alex to select the most suitable candidate. Furthermore, Alex worked tirelessly throughout the sales process, ensuring that the due diligence process went as smoothly as possible. We would have no hesitation in recommending Alex to anyone looking for a high level of service and a great result. Thank you Alex!  

- Brenton Brown
Building Manager,
Deepwater Point Apartments

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