Rare opportunity to secure an enormous management rights business that is sold out and under construction with Hutchinsons. Secure it at an off the plan multiplier while receiving an income as soon as March 2017

Key Features

  • This outstanding management rights is in one of Brisbane’s most sought after precincts.
  • Consisting of two stages under the one body corp allowing a 6 month break to fill the first tower (Laguna) before the expected completion of the second tower (St Tropez).
  • Brand new 25 year agreement with an outstanding body corp salary of $466,400 + GST
  • Totalling 424 apartments in a prestigious precinct, an oasis of inner city living less than 1.5km from the Brisbane CBD
  • Laguna and St Tropez are 100% pre-sold and are under construction, the first of the two towers anticipated to be completed in late March 2017
  • Both rising 20 storeys above a stunning lagoon pool and water features
  • Surround by wonderful restaurants cafes and amenities
  • With walking distance to the buzz of James street and the new stylish area of the Gasworks

Key Details

Listing Ref: OTP004483
Property Type: Management Rights
Region: QLD - Brisbane
Suburb: Fortitude Valley
Sale Type: Management Rights - Off the Plan
Net Profit: $981,356 Projected
Price: Expressions of Interest

Listing Agent(s)

Agent Feedback

We appointed Resort Brokers, particularly Gareth Closter, to sell a large M R business as we felt, because of previous experience, that Gareth is hard working and would do a good job for us. He exceeded our expectations in achieving a 6 times multiplier. Gareth and Resort Brokers are our go to people when buying or selling Management Rights. I have no reservations in recommending them.

- John Sklavos
Vendor,
Portside Property Services Hamilton Wharf

You did a great job Gareth. Very diligent and your support of the incoming purchaser is very useful. You have gone above and beyond the role of an agent, thankyou.

- James Adam
Director,
PORTFOLIO GROUP

ARIA Property has had the pleasure of working with Tim on our 3 most recent projects, VINE, Jardin and Austin. Tim is very knowledgeable in off the plan multi-unit residential and his enthusiasm is infectious. He has shown to have a good work ethic and has been very transparent in all of his dealings.  ARIA Property Group will continue working with Tim on its upcoming developments.      

- Tim Forrester
Managing Director,
ARIA PROPERTY GROUP