Situated in a beautiful leafy enclave of New Farm this business offers a high salary and almost $300k net income. With no unit to buy but an office on title, this is the perfect Management Rights structure. Fantastic income without the requirement to buy a unit or reside onsite this is the ideal opportunity for existing operators looking to expand their portfolio.

Key Features

  • Perfect structure with NO requirement to buy an apartment or reside onsite & an office on-title
  • Management Rights of this scale in the fantastic lifestyle precinct of New Farm are almost impossible to secure
  • Substantial caretaking salary of $163,497 p.a. (approx.) with extremely manageable workload
  • Unusually high net income of towards $300k p.a. for a business with only 62 units in the letting pool
  • Cracking near city location with fantastic restaurants, shopping and other great amenity all within walking distance

 

NB. Property inspections are by appointment only

Key Details

Listing Ref: MR005538
Property Type: Management Rights
Region: QLD - Brisbane
Suburb: New Farm
Sale Type: Management Rights - All
Net Profit: $294,564
Price: $1,730,000

Listing Agent(s)

Agent Feedback

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

We found your agents, Jane Fang & Paul Mueller from Resort Brokers to be extremely confident with the work they provided to us regarding the purchase of Gold Coast Outlook 3. I would highly recommend them to anyone that should ask us about our dealings with Resort Brokers and their agents. We would definitely use them again should the opportunity arise for us to purchase something else in the property management industry.

- Pamela & Neville Taylor
Vendor,
Gold Coast Outlook 3

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