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

$1,795,000Under Contract

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

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

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

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