Sold
Management Rights · Kangaroo Point · MRB007791
Constructed by respected developer Gardner Vaughan Group, this high-end boutique complex comprises 29 luxury apartments which enjoy some of the best city skyline views in Brisbane. Given the compact size of the complex, this management rights business presents is the perfect add-on to an established portfolio of an experienced operator. There is no real estate to purchase, no requirement to live onsite and no set office hours, except to be contactable during business hours. This gives the operator maximum flexibility in how they manage the business.
Upscale business-only MR opportunity in the highly desirable inner-city suburb
Constructed by respected developer Gardner Vaughan Group, this high-end boutique complex comprises 29 luxury apartments which enjoy some of the best city skyline views in Brisbane. Given the compact size of the complex, this management rights business presents is the perfect add-on to an established portfolio of an experienced operator. There is no real estate to purchase, no requirement to live onsite and no set office hours, except to be contactable during business hours. This gives the operator maximum flexibility in how they manage the business. Monterey’s management rights come to market for the first time. Astute operators should be quick to consider this entirely unique business-only management rights opportunity
- Net profit
- $56K
- Asking $290,000
- Status
- Sold
The business at a glance.
- Robust 19% return on investment
- Solid body corporate salary - 78% of total income
- No requirement to purchase real estate or reside onsite
- No set office hours
- Long agreement terms
- Easy manageable caretaking duties
- Suitable for either first time buyer or experience operator as add-on to their existing portfolio
- Total expense allowed in P&L is $10,480, further growth in net profit for experienced manager currently operating MLRs.
- Prime location with easy access to all local amenities
- Property inspections are by appointment only
The asset, the manager unit, the location.
Kangaroo Point, QLD
Kangaroo Point, QLD
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