Near New, Large Permanent Management Rights in Queensland Growth Corridor
Near New, Large Permanent Management Rights in Queensland Growth Corridor
Near New, Large Permanent Management Rights in Queensland Growth Corridor
Near New, Large Permanent Management Rights in Queensland Growth Corridor
Near New, Large Permanent Management Rights in Queensland Growth Corridor
Near New, Large Permanent Management Rights in Queensland Growth Corridor
Near New, Large Permanent Management Rights in Queensland Growth Corridor
Near New, Large Permanent Management Rights in Queensland Growth Corridor
Near New, Large Permanent Management Rights in Queensland Growth Corridor

Near New, Large Permanent Management Rights in Queensland Growth Corridor

$1,795,000Sold

Incredible (and rare) opportunity to purchase the management rights to a high quality townhouse complex that only opened in 2016. The developer has secured all letting appointments and tenanted all apartments - so this near new complex is presented to the market as a fully established business!

Key Features

  • Near new 111 x 3 bedroom townhouse complex in growth corridor of Ipswich
  • Almost all units managed in on-site letting pool – only one owner occupier, five outside agents
  • Very clean P&L - only based on BC salary and letting income
  • Good scope to implement additional income streams and grow bottom line.
  • 22 years remaining on caretaking and letting agreements.
  • Great value / high quality 3 bedroom, 2 bath, 2 car park manager’s residence ($345,000)
  • Potential of current contracted on-site caretaking staying on to create passive investment
  • $280 K Net Profit
  • Call Nathan Eades on 0448 339 920 or Alex Cook on 0467 600 610 or for more details

NB: Property inspections are by appointment only

Key Details

Listing Ref: MR004795
Property Type: Management Rights
Region: QLD - Brisbane
Suburb: Bundamba
Sale Type: Management Rights - All
Net Profit: $280,000
Price: $1,795,000

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

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

We also appreciated Alex's accessibility and acknowledge the personal time that he sacrificed to maintain a continuous communication channel for our queries.We will certainly recommend Alex to our friends and colleagues for that moment when they too decide to seek a different life.

- Peter and Kim Holthouse WINDSURFER RESORT