Management Rights For Sale
No Requirement To Live Onsite or To Have A Licence
- As new building, only 5 years old
- Loads of potential with 33% of the lots not in the manager's letting pool
- Very low caretaking duties
- 2 bedroom manager's residence currently in the letting pool
- Residential roof top recreational area
- All apartments have large live-in balconies
- Great views across the Surfers Paradise skyline and Nerang River
- All apartments in the letting pool are leasebacks
- 5 minute walk to the beach
Here is a very easy management rights business to run, showing a great return. The building is only 5 years old and still presents as brand new. The high returns are generated from leasebacks with 1, 2 and 3 year agreements in place. There are established systems to enable most of the work to be done remotely. There is very little caretaking work required. Ideal business as a bolt-on to an existing management rights business of for someone seeking semi-retirement.
Net Profit: $178,117
Asking Price: $1,200,000
(Inclusive of Manager's Real Estate)
For further information or to arrange an inspection of this Gold Coast Management Rights business for sale contact:
Management Rights Broker
Gerard Dixon
Property Code: 702
