Gabba Lifestyle Managers owns and runs 2 management rights within walking distance of each other in the central Gabba area of central Brisbane. The current owners outsource all duties to property management staff and a part time caretaker (all wages added back to the P&L) and have a very passive role in the businesses. The caretaking of the buildings are ridiculously low, in fact the two easiest buildings we have ever sold!

Key Features

  • The easiest caretaking duties we’ve ever seen across both buildings!
  • Very strong letting pools
  • Currently run passively with upside expected for owner operator
  • Prime location in the Gabba precinct
  • Long term agreements
  • Strong body corporate relationship will ensure quick and cost-efficient consent processes for the right buyer
  • Will sell very quickly – great starting MLR or an add on for a local buyer

 

 NB: Property inspections are by appointment only

Key Details

Listing Ref: MR005250
Property Type: Management Rights
Region: QLD - Brisbane
Suburb: Woolloongabba
Sale Type: Management Rights - All
Net Profit: $235,615
Price: $1,270,000

Listing Agent(s)

Agent Feedback

The recent sale of our large motel was tricky and stressful to say the least. Throughout the transaction Nathan guided both us as vendors and the buyers through the process with professionalism & composure. His friendly & outgoing manner ensured that all inspections were simple and relaxed everyone. His knowledge and ability under pressure ensured we made it to settlement day.  We would thoroughly recommend Resort Brokers and Nathan to anyone looking at selling their business.

- Melanie
Vendor,
Pegasus Motor Inn

As a first time purchaser of a leasehold motel, Nathan provided a good balance between working for the vendor and ensuring us as purchasers that we had the right information and support to see the transaction through. Negotiations are never easy and Nathan managed expectations on both sides of the transaction in a professional way that left both sides content with the price outcome. I would have no reservations in recommending or using Nathan or Resort Brokers in the future.

- Scott Campbell
Managing Director,
ISTAPR P/L

We would like to thank Nathan and Resort Brokers for their excellent service and support during the purchase of our Management Rights. This is the second time we have dealt with Resort Brokers and again we have found them to be very professional in all our dealings. 

- Stuart & Mary McCaul
Buyer,
Henley Apartments