The ideal South Brisbane MR - Established Large Scale with Long Term Agreements
The ideal South Brisbane MR - Established Large Scale with Long Term Agreements
The ideal South Brisbane MR - Established Large Scale with Long Term Agreements
The ideal South Brisbane MR - Established Large Scale with Long Term Agreements
The ideal South Brisbane MR - Established Large Scale with Long Term Agreements
The ideal South Brisbane MR - Established Large Scale with Long Term Agreements
The ideal South Brisbane MR - Established Large Scale with Long Term Agreements
The ideal South Brisbane MR - Established Large Scale with Long Term Agreements
The ideal South Brisbane MR - Established Large Scale with Long Term Agreements
The ideal South Brisbane MR - Established Large Scale with Long Term Agreements

The ideal South Brisbane MR - Established Large Scale with Long Term Agreements

$3,700,000Sold

The Plaza offers the opportunity to acquire a management rights business with a net income well in excess of $500,000 + p.a. for a building that has experienced strong historic occupancy towards 100%

Key Features

  • Modern building completed in 2014 with letting pool of 160 units offering 25 year agreement terms from commencement - circa 23 years remaining
  • Strong Body Corporate salary of in excess of $215,000 p.a. 
  • Sensational South Brisbane location overlooking quiet, leafy park while still having South Bank’s Parklands/Retail and West End’s Boundary Street precinct all within walking distance
  • Includes the purchase of 2 bedroom, 2 bathroom apartment for $550,000 with no requirement to live onsite, allowing you to rent, sell or live in - it's your choice
  • Strong tenant demand due to locality to Brisbane’s largest employment node in CBD, numerous universities/private colleges, private schools/Brisbane State High’s catchment, hospitals, public transport, museums/GOMA and smorgasbord of lifestyle precincts
  • Great reception area in the lobby with separate office if you want to work without being disturbed, no requirement to live onsite (with no set office hours)
  • Small garden terrace with pool, BBQ and multiple relaxation zones in addition to a gym and library area that provides ideal tenant amenity without excessive caretaking duties
  • Modern functional units that must offer what the market is looking for given the strong historical occupancy of towards 100%
  • Profit and Loss statement has been independently verified at $500,000+ by specialist industry accountant Holmans
  • These large scale management rights with net incomes of this size are rare and hotly contested so enquire now or you will miss out!

Business Price: $3,150,000

Unit Price: $550,000

NB: Property inspections are by appointment only

Key Details

Listing Ref: MR004565
Property Type: Management Rights
Region: QLD - Brisbane
Suburb: South Brisbane
Sale Type: Management Rights - All
Net Profit: $520,000
Price: $3,700,000

Listing Agent(s)

Agent Feedback

I was happy with Resort Brokers and was impressed by Jessica’s attitude and abilities. Thank you for your all of your hard work that allowed us to achieve a sale this year. Not only were we kept updated throughout the entire process, Jessica was pro-active in solving any issues during the sale. Her excellent relationships with all the key specialists that assisted us in the sale process proved invaluable. I would highly recommend Jessica to any Management Rights owners who want to sell their business.

- Cecilia Xiao
Vendor,
Arbour Groves

We purchased ECCO and Bohemia through Jessica at Resort Brokers. Jessica is a professional agent with a wealth of knowledge about management rights. She always keeps us up to date and returning our calls or emails promptly. We look forward to get the next opportunity to work together.

- Wenbin Shen
Vendor,
AUMR Property Management Group

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