Management Rights For Sale

Our Current Management Rights for Sale are:

 

Management Rights For Sale

Results 1 - 4 of 4


MR Sales

Management Rights For Sale, Resort For Sale
Net Income: $188,460
Managers Estate: -
Complex Units: 49
Letting Pool: 22
Remuneration: $79,711

  • Managers Bedrooms
  • 2
  • Managers Bathrooms
  • 1
  • Pet Friendly
  • y
Mixed Management Rights For Sale - Hervey Bay Consistent Performer with Opportunity to Grow Management rights for two adjoining properties located on the soug...
MR Sales

Management Rights For Sale, Resort For Sale
Net Income: $386,551
Managers Estate: $570,000
Complex Units: 65
Letting Pool: 66
Remuneration: $2,407

  • Managers Bedrooms
  • 3
  • Managers Bathrooms
  • 2
  • Pet Friendly
  • -
Mixed Management Rights for Sale Chart a course for growth and lifestyle in one of Queensland's hidden gems. - Poor owners’ health creates opportunity. -...
ResortBrokers

Management Rights For Sale
Net Income: $270,148
Managers Estate: $490,000
Complex Units: 35
Letting Pool: 19
Remuneration: $59,567

  • Managers Bedrooms
  • 3
  • Managers Bathrooms
  • 2
  • Pet Friendly
  • -
ResortBrokers presents a remarkable opportunity to acquire the management rights to White Crest Apartments, located in the heart of Hervey Bay. This property...
MR Sales

Management Rights For Sale, Resort For Sale
Net Income: $93,174
Managers Estate: $560,000
Complex Units: 45
Letting Pool: 17
Remuneration: $60,840

  • Managers Bedrooms
  • 3
  • Managers Bathrooms
  • 2
  • Pet Friendly
  • y
Permanent Management Rights For Sale 800m to the Waterfront In Picturesque Hervey Bay Motivated Vendors Have Priced to Sell - Beautiful Permanent Complex...

So you are looking for Management Rights for Sale?

‘Management rights’ is the industry name for a business arrangement between resident managers of strata titled properties (complexes comprised of units owned by different entities) and a property developer or body corporate made up of unit owners.

Two agreements are key to owning management rights:

  1. A ‘caretaking agreement’ permits a manager (or managers, often a couple) to live in one unit onsite and take care of common areas within the complex, such as swimming pools, tennis courts, stairs, the car park, etc. A base salary and list of responsibilities are included in this agreement with the body corporate.

At the moment, we have an abundance of listings around Brisbane.

  1. A ‘letting agreement’ with the body corporate gives a resident manager exclusive rights to let out units in the complex on a commission basis. The nature of commission is often negotiated with each unit owner.
  2. Management rights owners always reside onsite but the nature of their accommodation fluctuates depending on the complex. Some properties offer resident managers a one-bedroom unit and office for day-to-day operations; others may offer a luxury penthouse suite and private elevator.

Each management rights agreement is as unique as its property. 

How long will you have the management rights?

There are some differences state-to-state, across the board. In NSW, there tends to be a 10-year maximum, with the exception of agreements made before 2003. In QLD, the term length depends on which regulation module governs the scheme; standard modules work a maximum of ten years while the accommodation module operates up-to 25 years.

Click here for current Management Rights valuation information.

A Management Rights owner/s will: 

  • Be paid an agreed amount from the Body Corporate to provide the caretaking services as set out in the Caretakers Agreement 
  • Be paid an agreed percentage for providing letting services on behalf of unit owners/investors in the building.
  • Earn commission for Unit Sales on behalf of unit owners/investors in the building.
  • Earn commission for services provided to short stay guests such as booked tours.
  • Earn a profit when providing additional maintenance or extra cleaning for unit owners.
     

Expect to invest over $1 million, with some management rights business opportunities costing over $7 million.

Remember with Management Rights you are generally not just buying a business, you are also purchasing an apartment - an appreciating asset.

Oftentimes the cost of a Management Rights business is calculated as a multiple of its income-generation potential or Net Profit

More Frequently Asked Management Rights Questions 

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