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: MR005492
Property Type: Management Rights
Region: QLD - Brisbane
Suburb: South Brisbane
Sale Type: Management Rights - All
Net Profit: $416,302
Price: $2,550,000

Listing Agent(s)

Agent Feedback

My name is Steve Beale. Alex Cook just sold my two management rights in Bridgeman Downs. I just wanted to pass on my thanks to Resort Brokers and to say how fantastic Alex has been as my broker. Alex sold me my business and acted for me in the disposal and he was faultless in each scenario. His honesty, diligence and trustworthiness are a rare commodity in Real Estate and sales in general. He has a unique skill of delivering hard truth  when it’s needed while at the same time maintaining trust and positivity and the result he achieved was better than I could have wished for. Truly a remarkable talent. I will certainly be recommending Resort Brokers and Alex in particular to anyone I encounter who is looking to buy or sell management rights.  Thanks and all the best.

- Steve Beale
Vendor,
Notting Hill Terraces & Bridgeman Greens

I am not often moved to write to record my appreciation and recognition of outstandingly excellent work and good practice. This is because I have seldom found it.  This is not the case with Alex Cook and Resort Brokers.  The whole experience from the initial appraisal to the signing of the contract and later advice that the purchaser's finance had been approved has been of the highest order.    

- Peter & Marg Fisher SURFERS PARADISE

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