FIRST TIME TO MARKET - TWELVE MANAGEMENT RIGHTS PORTFOLIO - $2.4M+ NET PROFIT | Resort Brokers ID : MR006463
Rarely to opportunities of such scale, quality and diversity come to market. Offered exclusively by Resort Brokers are the management rights to 12 high quality permanent residential complexes, as well as future off-the-plan potential.
- Spread over 12 complexes, comprising a total of 847 units, with 629 managed in the onsite letting pools.
- All complexes on accomodation modules with 20+ years on caretaking and letting agreements.
- Combined BC salaries in execss of $1M and combined NOPs in excess of $2.4M.
- Initally offered in one line, in clusters or indivually - individual offerings range from $120K to $400K NOP.
- All complexes have no set office hours, no requirement to live onsite and are easy to maintain.
- Majority of MR's are 'business only', although 4 of the larger ones currently have manager's residences available for sale (vendor's preference).
- All located in prime Brisbane growth suburbs includingCannon Hill,Richlands , Carindale, Hendra, Murarrie, McDowall, and Rochedale.
- The properties embrace the Azure Living philosophy of elegant and design-led lifestyle, combining value and quality.
- Scope for future growth through Azure's large off-the-plan pipeline.
- Contact exclusive agents Tim Crooks or Alex Cook to receive further information.
Date updated: 21 Oct 2020 23:00:06
Price: Bus $11.26m + Real Estate $1.9m
Net Profit: $2,433,310 Remuneration / Body Corp Salary: $1,024,128
Managers UnitValue of Managers Apartment: $1,899,000Bedrooms: 3Bathrooms: 2Office: On Title
Complex InformationComplex Type: PermanentTotal Units in Complex: 847Total Units in Letting Pool: 567Holiday Units: 567Agreement Term Remaining: 25 years