Genuine Business-Only Management Rights in the heart of Newstead. There is no need to buy real estate or live onsite and there are no set office hours. Extremely low maintenance building with a rooftop entertainment area – however there is no pool, gym or any mowing! The building consists of 48 stunning one and two bedroom apartments with 35 in the letting pool.

Key Features

  • Business-Only Management Rights in the heart of Newstead
  • New complex - just over 2 years old
  • 35 of 48 units in the letting pool
  • No need to live onsite
  • 23 year long agreements
  • Body Corporate Salary (adjusted to 3% or CPI – whichever is greatest)
  • Opportunity for further growth – 7 outside agents
  • Low maintenance – no pool, gym or mowing
  • Stunning one & two bedroom well-proportioned and designed apartments.
  • Fully equipped large office for your exclusive use

NB: Property inspections are by appointment only

 

 

Key Details

Listing Ref: MRB005338
Property Type: Management Rights
Region: QLD - Brisbane
Suburb: Newstead
Sale Type: Management Rights - Business only
Net Profit: $110,000
Price: $575,208

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 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

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