Newstead, Queensland

NEWSTEAD PERMANENT MANAGEMENT RIGHTS - $631K NET | Resort Brokers ID : MR007341

$5,390,295

Property Description

This is an opportunity of incredible scale and desirability for an experienced operator to acquire a high yielding management rights located in the premium and very popular neighbourhood of Newstead.

• Generous Body Corporate salary of $364,980 (annualised) p.a.


• Net operating profit of $631,697


• No requirement in Agreements to own a lot and no set office hours


• Recently topped up Caretaking & Letting Agreements with 24 years remaining


• Large, modern 2 bedroom, 2 bathroom manager's unit with 2 carparks - $750K


• Separate manager's office with carpark on title - $250K


• Premium, permanent MR opportunity!


• All inspections by appointment only

Date updated: 14 Aug 2022 23:00:11

Property Summary