Opportunity to purchase the management rights to a rare student focussed management rights business, located in an ideal location in Southbank close to education & cultural centres and CityCat/transport hubs.

Key Features

  • Rare student focussed management rights business
  • Six-level mid-rise comprising 75 apartments, with 40 managed in onsite letting pool
  • Good upside potential through seven externally managed and 13 self-managed apartments
  • Manageable workload - two distinctive month long ‘peak periods’, with downtime in between
  • Good upside potential for hands-on, pro-active management team
  • Great location for attracting students – walkability to education, cultural and entertainment
  • Includes small rent roll in adjoining building – scope for growth
  • Call Alex Cook on 0467 600 610 or Jess Wilkie on 0401 003 023

 

NB: Property inspections are by appointment only

Key Details

Listing Ref: MR005349
Property Type: Management Rights
Region: QLD - Brisbane
Suburb: South Brisbane
Sale Type: Management Rights - All
Net Profit: $416,302
Price: $2,625,000

Listing Agent(s)

Agent Feedback

My experience in dealing with Alex Cook as the selling agent for Deepwater Point has been nothing short of outstanding. From the quality of marketing material, to the handling of site inspections, to the negotiation skills demonstrated whilst finalising the sale, Alex has proved himself to be an exceptionally professional and knowledgeable agent. I was particularly impressed with the constant and detailed feedback provided to me throughout the process. We felt comfortable from the start to the finish and always knew exactly what was going on, making the whole experience as stress free as possible. Alex also seems to have particularly good relationships with the various industry professionals used during the sales process, again making life a lot easier. I genuinely feel Alex had our best interests at heart at every stage, and would not hesitate in recommending him to anyone looking to buy or sell their Management Rights. Out of interest, I have gone on to purchase another Management Rights through Alex.

- Mark Fuhrmann
Vendor,
ex-Deepwater Point

From the time of engagement, Alex was extremely pro-active in finding the right buyer. At all times, Alex kept me updated during progression of the sale process, acted in a professional manner; sorted out any issues that surfaced during the sale and went above and beyond to ensure all parties were working effectively towards completion. Without Alex's input and assistance I am sure the sale would not have been completed in the professional manner that it was.

- Brad Marquart
Vendor,
Waters Edge on the Broadwater

We also appreciated Alex's accessibility and acknowledge the personal time that he sacrificed to maintain a continuous communication channel for our queries.We will certainly recommend Alex to our friends and colleagues for that moment when they too decide to seek a different life.

- Peter and Kim Holthouse WINDSURFER RESORT