Large scale business only management rights with NO real estate to buy. 156 lots in the complex and just 47 in the letting pool = the majority of the income comes from the agreements..

Key Features

  • Generous Body Corp salary comprising a high percentage of the overall income 
  • Strong agreements on all business in the portfolio
  • Outstanding near city location on the inner north – very strong letting catchment
  • Extra income to be attained through maintenance work
  • Upside through clawing back units from outside agents
  • Large salary and could easily be run by 2 person management team  
  • Unbeaten location close to surrounding amenities
  • Rare opportunity to secure a business only management rights of this size in this part of North Brisbane

 

NB: Property inspections are by appointment only

Key Details

Listing Ref: MRB005555
Property Type: Management Rights
Region: QLD - Brisbane
Suburb: Stafford
Sale Type: Management Rights - Business only
Net Profit: $268,715
Price: $1,544,743

Listing Agent(s)

Agent Feedback

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

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