Our Current Management Rights for Sale are:
Management Rights For Sale
Results 1 - 12 of 84
PORT DOUGLAS $1,595,000
Management Rights For Sale
Net Income: $294,600
Managers Estate: $495,000
Complex Units: 18
Letting Pool: 14
Remuneration: $64,270
- Managers Bedrooms
- 2
- Managers Bathrooms
- 1
- Pet Friendly
- y
PALM BEACH $1,685,000
Management Rights For Sale
Net Income: $225,000
Managers Estate: $900,000
Complex Units: 28
Letting Pool: 15
Remuneration: $71,000
- Managers Bedrooms
- 2
- Managers Bathrooms
- 2
- Pet Friendly
- y
BROADBEACH $1,795,000
Management Rights For Sale
Net Income: $219,017
Managers Estate: $850,000
Complex Units: 30
Letting Pool: 19
Remuneration: $61,953
- Managers Bedrooms
- 2
- Managers Bathrooms
- 2
- Pet Friendly
- y
BYRON BAY $4,886,350
Management Rights For Sale
Net Income: $569,431
Managers Estate: -
Complex Units: 30
Letting Pool: 30
Remuneration: $57,392
- Managers Bedrooms
- 3
- Managers Bathrooms
- 2
- Pet Friendly
- -
PORT DOUGLAS Offers over $1,300,000
Management Rights For Sale, Resort For Sale
Net Income: $270,000
Managers Estate: $420,000
Complex Units: 18
Letting Pool: 17
Remuneration: $51,818
- Managers Bedrooms
- 2
- Managers Bathrooms
- 2
- Pet Friendly
- y
ALEXANDRA HEADLAND $1,900,000
Management Rights For Sale
Net Income: $297,752
Managers Estate: $900,000
Complex Units: 28
Letting Pool: 16
Remuneration: $60,397
- Managers Bedrooms
- 3
- Managers Bathrooms
- 2
- Pet Friendly
- y
PALM COVE $3,300,000
Management Rights For Sale
Net Income: $656,000
Managers Estate: $600,000
Complex Units: 58
Letting Pool: 35
Remuneration: $206,175
- Managers Bedrooms
- 3
- Managers Bathrooms
- 2
- Pet Friendly
- y
AIRLIE BEACH $1,499,000
Management Rights For Sale
Net Income: $315,400
Managers Estate: $650,000
Complex Units: 32
Letting Pool: 21
Remuneration: $124,800
- Managers Bedrooms
- 2
- Managers Bathrooms
- 2
- Pet Friendly
- y
TRINITY BEACH $2,375,000
Management Rights For Sale
Net Income: $450,000
Managers Estate: $620,000
Complex Units: 40
Letting Pool: 29
Remuneration: $97,021
- Managers Bedrooms
- 2
- Managers Bathrooms
- 2
- Pet Friendly
- -
PORT DOUGLAS $1,300,000
Management Rights For Sale
Net Income: $216,000
Managers Estate: $500,000
Complex Units: 17
Letting Pool: 15
Remuneration: $49,994
- Managers Bedrooms
- 2
- Managers Bathrooms
- 1
- Pet Friendly
- y
MAROOCHYDORE $3,895,000
Management Rights For Sale
Net Income: $520,000
Managers Estate: $1,245,000
Complex Units: 76
Letting Pool: 25
Remuneration:
- Managers Bedrooms
- 3
- Managers Bathrooms
- 2
- Pet Friendly
- y
MACKAY Management Rights $1,295,000
Management Rights For Sale
Net Income: $301,444
Managers Estate: $600,000
Complex Units: 44
Letting Pool: 26
Remuneration: $156,533
- Managers Bedrooms
- 3
- Managers Bathrooms
- 1
- Pet Friendly
- -
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:
- 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.
- 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.
- 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
- Make sure that your accounts and records for the last 5 years have been completed and are up to date.
- Consider obtaining approval from the Body Corporate to extend your management rights agreement.
- Present the Unit is good repair.
- Select a Management Rights specialist Agency to sell your business.
- Advertise your Management Rights business for sale on a specialist website accomproperties.com.au
