LARGE PERMANENT MANAGEMENT RIGHTS - $635K+ NOP BOWEN HILLS - BRISBANE

The perfect opportunity for partnerships / syndicate or alternatively suited to two-person management team with part-time assistance. This modern mid-rise complex is efficiently run and presents to the market as a perfectly established management rights business offering a sizeable net profit and a high level of security. The Caretaking and Letting agreements were recently topped up to the full 25-year tenure, and the business is underpinned by a solid BC salary of c. $335,000, representing more than 50% of annual net profit.

The two-tower permanent complex comprises 197 apartments in total with 100 managed in the onsite letting pool. Of particular interest is the scope for additional earning through onsite unit. The office / reception is prominently positioned, and the current owner have enjoyed considerable additional income from sale commission. A must see for all syndicate seekers and or owner-operators looking to expand their business base.