Business Only Management Rights - 23% Return!
Business Only Management Rights - 23% Return!
Business Only Management Rights - 23% Return!
Business Only Management Rights - 23% Return!
Business Only Management Rights - 23% Return!
Business Only Management Rights - 23% Return!

Business Only Management Rights - 23% Return!

$1,383,717Under Contract

It was only a matter of time before the trendy suburb of East Brisbane saw the emergence of a building of this quality. The Welllington is a unique retail and living management rights (genuine business only), located in the heart of the suburb. Due for completion in October 2017, it presents a perfect opportunity for an experienced operator to add to their growing portfolio.

Key Features

  • Units in excess of 50% pre-sold and constuction has commenced
  • Net income $318,926 p.a (projected) which has been verified by industry spcialist accountant
  • Wonderful inner city suburb and rapidly growing
  • Genuine business only management rights, no requirement to live onsite
  • Real estate available to purchase if desired but not attached to agreement.
  • Very modern and very spacious new build.
  • Fabulous roof top pool for those balmy Brisbane nights.
  • Roof top entertaining area equipped with BBQ facilities.
  • Brand new 25 year agreement.

NB: Property inspections are by appointment only

 

 

 

 

Key Details

Listing Ref: OTP004377
Property Type: Management Rights
Region: QLD - Brisbane
Suburb: East Brisbane
Sale Type: Management Rights - Off the Plan
Net Profit: $318,926 Projected
Price: $1,383,717

Location

Listing Agent(s)

Agent Feedback

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

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