Australia's Biggest Established Management Rights Portfolio
An unprecedented opportunity to acquire a large-scale portfolio of six exclusive, permanent management rights with an incredible combined net over $1.711m making it one of the largest MLR ever offered to market!
- 6 high-end residential management rights, located in Toowong and Teneriffe
- Portfolio comprises a total 644 apartment, with 322 managed in the onsite letting pools.
- Incredible overall Net Profit in excess of $1.711M
- Combined BC salaries of $879K, in excess of 50% of the income is fixed and CPI-linked.
- Majority of the buildings are new, with four of the six complexes (except Rivers on the Park and Regatta) built in the last 3 years.
- 5 of the 6 properties have no requirement to live on-site or adhere to office hours.
- Majority of the agreements have over 20 years tenure remaining.
- 3 properties have a manager’s unit/office to purchase.
- Only 1 unit is lived in by manager, the other 2 are rented for extra $58,750 income.
- All buildings are run entirely under management creating scope for a hands on operator to grow various aspect of the business.
- Rare opportunity for EITHER an established large-scale operator OR a smaller existing operator to establish themselves as one of Brisbane largest MR operators.