Teneriffe Park Apartments & Signature Park Apartments feature two adjoining complexes in the heart of Teneriffe that offer a fantastic Management Rights business with a substantial net income coupled with the brilliant lifestyle that this premium location offers. Rarely do you find the perfect blend of high net income (towards $300k p.a), excellent caretaking salary with a manageable workload in such an enviable location.

Key Features

  • Management Rights of this scale in the fantastic lifestyle precinct of Teneriffe are virtually impossible to secure
  • Substantial caretaking salary with an extremely manageable workload
  • Unusually high net income circa of $300k p.a. for a business with only 51 units in the letting pool
  • Recent “top up” of agreements showing support of the manager
  • Spacious managers residence with large office area and basement storage, far in larger than the absolute majority of other inner-city offerings
  • Cracking near city location with fantastic restaurants, shopping another great amenities all within walking distance

 Please submit offers coupled with resumes detailing industry experience to the exclusive marketing agents, Resort Brokers Australia

NB: Property inspections are by appointment only

Key Details

Listing Ref: MR005502
Property Type: Management Rights
Region: QLD - Brisbane
Suburb: Teneriffe
Sale Type: Management Rights - All
Net Profit: $299,536
Price: $2,241,494

Listing Agent(s)

Agent Feedback

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

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 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