3 X MODERN, PERMANENT BRISBANE 'BUSINESS-ONLY' MR'S - $466K NET

ResortBrokers is delighted to present the rare opportunity to purchase the management and letting rights to three stunning permanent residential complexes in Brisbane, comprising over 250 apartments.

  • Offered for the first time to market
  • Three high-quality developments by renowned DevCorp
  • Total of 251 lots with 74 in the letting pool and 75 unsold
  • Combined Body Corporate Salaries of $360,000+ (3% annual increase)
  • Lengthy tenure (21 - 24 years) on Caretaking and Letting Agreements
  • Opportunity to grow the letting pool with 75 unsold lots
  • Clean profit and loss with scope to add subsidary income streams
  • Office / storage or maintenance shed at each complex under occupational authority
  • All complexes located in strong Brisbane suburbs

 NB. All inspections by appointment only.

Listing Ref MRB006674
Property Type Management Rights
Sale Type Management Rights - Business only
State QLD
Region Brisbane
Suburb Kangaroo Point
Net Profit $466,313
Price $2,895,000
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Tim Crooks

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Alex Cook
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