Business Only Management Rights of Scale in Landmark Portside Precinct
Business Only Management Rights of Scale in Landmark Portside Precinct
Business Only Management Rights of Scale in Landmark Portside Precinct
Business Only Management Rights of Scale in Landmark Portside Precinct
Business Only Management Rights of Scale in Landmark Portside Precinct
Business Only Management Rights of Scale in Landmark Portside Precinct
Business Only Management Rights of Scale in Landmark Portside Precinct
Business Only Management Rights of Scale in Landmark Portside Precinct
Business Only Management Rights of Scale in Landmark Portside Precinct
Business Only Management Rights of Scale in Landmark Portside Precinct

Business Only Management Rights of Scale in Landmark Portside Precinct

$3,378,024Sold

Large scale going concern business only management rights in Brisbane are almost non-existent so get in quick or you will miss out! These buildings are in the iconic Portside Precinct and offer genuine upside to a hands on operator.

Key Features

  • Going concern business only management rights with net income towards $600k are rarely available
  • Major buildings in fantastic location within the Portside precinct
  • Generous caretaking salary given the limited duties required to be performed
  • Many of the units have outstanding CBD & Brisbane River views and are larger than average units in size making them very attractive for tenants
  • Opportunity for future growth in the letting pool - 127 units in the pool of the 279 in the buildings
  • Great onsite in the foyer of Promenade where you can work out of the building without being watched as people come and go

NB: Property inspections are by appointment only

Key Details

Listing Ref: MRB004451
Property Type: Management Rights
Region: QLD - Brisbane
Suburb: Hamilton
Sale Type: Management Rights - Business only
Net Profit: $582,418
Price: $3,378,024

Listing Agent(s)

$
%
YearsYrs

Monthly Repayments:

$0

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

We recently engaged Gareth Closter and Resort Brokers to sell our Management Rights at Kelvin Grove. Gareth was very thorough in explaining the entire process and demonstrated great communication skills throughout the entire transaction. Gareth was always contactable and very easy to deal with. I would have no hesitation in recommending Gareth and Resort Brokers to anyone looking to sell or purchase Management Rights in the future!

- Sarah Williams
Vendor ,
PPS Property Management

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