Algester, Queensland
NEWLY ESTABLISHED PERMANENT MANAGEMENT RIGHTS PORTFOLIO BUSINESS ONLY (NO UNIT OR OFFICE TO BUY)
Under Contract / Offer
Business Description
RCA EXCLUSIVELY PRESENT FOR SALE THE ESTABLISHED NEW MANAGEMENT AND LETTING RIGHTS AT BELLA AT MANLY AND BROOKE RESIDENCES AT ALGESTER WITH NO MANAGERS RESIDENCE OR OFFICE TO BUY
+ Developed by Visie Properties
+ Established near new 82 total townhouse portfolio in Manly West and Algester
+ Already completed, setup and running
+ Body corp caretaking salary of $83,602 per annum
+ Permanent only business with accountant verified $169,540 nett income per annum
+ Approximately 24 and 23 years remaining on 25 year agreements.
+ NO MANAGERS RESIDENCE OR OFFICE TO BUY. BUSINESS ONLY.
+ Great location in Manly West and Algester
+ Built in 2024 and 2023
DON’T MISS OUT ON THIS INCREDIBLE NEWLY ESTABLISHED MANAGEMENT RIGHTS OPPORTUNITY. REQUEST INFORMATION MEMORANDUM FOR MORE DETAILS ON THIS PROPERTY.
CONTACT RCA FOR MORE DETAILS
Business Summary
Business Snapshot
Price: Under Contract / Offer
Net Profit: $169,540
Managers Unit
NO UNIT TO BUY
Complex Information
Complex Type: PermanentTotal Units in Complex: 82Total Units in Letting Pool: 25Agreement Term: 25 yearsAgreement Term Remaining: Approximately 24 & 23 years
Key Investment Insights
1. Newly established permanent management rights portfolio covering Bella at Manly and Brooke Residences at Algester, developed by Visie Properties.
2. Business-only sale, no manager’s residence or office to buy, reducing upfront capital required.
3. Turnkey operation, already completed, set up and currently running.
4. Portfolio relates to an 82-total townhouse development, signalling scale across the two complexes.
5. Letting pool comprises 25 units, providing a recurring rental management revenue base.
6. Accountant-verified nett income of $169,540 per annum, indicating validated cashflow.
7. Body corporate caretaking salary of $83,602 per annum, adding a stable contractual income stream.
8. Long-term security from 25-year agreements with approximately 24 and 23 years remaining.
9. New builds, completed in 2024 and 2023, implying low immediate capital expenditure and modern asset condition.
10. Location appeal in Manly West and Algester, offering suburban demand drivers and proximity advantages for renters and owners.
