Presenting to market this fantastic near new complex with a very manageable caretaking workload. This complex has 82 units in the letting pool (all permanent) and could easily be run by a husband & wife management team. With 22 years remaining on the agreements which are Gallery Vie compliant, this is a brilliant opportunity in an area with very few new buildings.

Great tenants and a helpful Body Corporate, this an outstanding Management Rights business in a great bayside location!

Key Features

  • Outstanding rental pool – one of only two new townhouse complexes in Wynnum Manly  -  have your pick of the tenants in the market
  • Long agreements with 23 years remaining - Gallery Vie compliant
  • Solid body corporate salary, granted 10% salary increase last year with committee recommendation
  • No requirement for the manager to reside onsite
  • Large office on title with additional back office.  Also garden shed and workshop for managers use.

 

NB: Property inspections are by appointment only

Key Details

Listing Ref: MR005558
Property Type: Management Rights
Region: QLD - Brisbane
Suburb: Wynnum North
Sale Type: Management Rights - All
Net Profit: $305,460
Price: $2,190,000

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

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