Under Offer

NEWSTEAD PERMANENT MANAGEMENT RIGHTS - $631K NET

This is an opportunity of incredible scale and desirability for an experienced operator to acquire a high yielding management rights located in the premium and very popular neighbourhood of Newstead.

  • Generous Body Corporate salary of $364,980 (annualised) p.a.
  • Net operating profit of $631,697
  • No requirement in Agreements to own a lot and no set office hours
  • Recently topped up Caretaking & Letting Agreements with 24 years remaining
  • Large, modern 2 bedroom, 2 bathroom manager's unit with 2 carparks - $750K
  • Separate manager's office with carpark on title - $250K
  • Premium, permanent MR opportunity! 
  • All inspections by appointment only
Listing Ref MR007341
Property Type Management Rights
Sale Type Management Rights - All
State QLD
Region Brisbane
Suburb NEWSTEAD
Net Profit $631,697
Price $5,390,295
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Tim Crooks

Interested? Why not give Tim Crooks a call on 0422 208 450 or

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Frank Matus
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