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

My name is Steve Beale. Alex Cook just sold my two management rights in Bridgeman Downs. I just wanted to pass on my thanks to Resort Brokers and to say how fantastic Alex has been as my broker. Alex sold me my business and acted for me in the disposal and he was faultless in each scenario. His honesty, diligence and trustworthiness are a rare commodity in Real Estate and sales in general. He has a unique skill of delivering hard truth  when it’s needed while at the same time maintaining trust and positivity and the result he achieved was better than I could have wished for. Truly a remarkable talent. I will certainly be recommending Resort Brokers and Alex in particular to anyone I encounter who is looking to buy or sell management rights.  Thanks and all the best.

- Steve Beale
Vendor,
Notting Hill Terraces & Bridgeman Greens

Thank you Alex for the superlative effort you put in on our behalf to sell our management rights business.  We're sure that you'll agree that it wasn't without challenge from both parties but your tireless positive attitude and willingness to listen and facilitate, were key factors in the success of the process.

- Peter and Kim Holthouse WINDSURFER RESORT

We would like to thank Nathan and Resort Brokers for their excellent service and support during the purchase of our Management Rights. This is the second time we have dealt with Resort Brokers and again we have found them to be very professional in all our dealings. 

- Stuart & Mary McCaul
Buyer,
Henley Apartments