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

Business Snapshot

Price: $5,390,295 Net Profit: $631,697

Managers Unit

Value of Managers Apartment: $100,000Bedrooms: 2Bathrooms: 2Office: On Title

Complex Information

Complex Type: PermanentTotal Units in Complex: 244Total Units in Letting Pool: 107Holiday Units: 107Agreement Term Remaining: 24 years
Marketing Agent
Listing location
Gallery

Enquire Now

Thank you, your enquiry has been sent now.

Listing Tools

Management Rights

Receive new listing alerts

Sign up
Similar Properties

You may also like

Marlborough's Golden Opportunity
Near New 12 Unit Motel Great Location
Bay of Islands Proven Performer
GREAT LITTLE PUB FOR ACTIVE COUPLE RETURNING ROI 48% - 88HL
Busy Motel
Blenheim: A Top Performing Motel in Great Location
Kaiapoi: The Only Motel in Town
Beautifully Presented and Instantly Appealing
Seaside Lifestyle - Good Performing Property
Popular Holiday Hotspot
Alexandra - Borders Open and Summer is Coming!
Affordable 5-Star Luxury Villas in Paradise
Hanmer Springs: 18 Modern Units with Good Lease
Location Well Presented Close to Riccarton Mall
Location and Scale in Napier
Excellent Buying - Eye Catching Motel
19 Unit Motel in the Heart of Wanaka
Enjoy the Benefits of Successful Franchise