MODERN PERMANENT MR - $388K+ NET PROFIT

Presented to market exclusively by Resort Brokers for the first time, is the opportunity to purchase the management rights and manager's residence to a high quality, architecturally designed townhouse complex, located in the Brisbane growth suburb of Richlands.

  • Total of 165 X 3 and 4 bedroom townhouses
  • 148 units managed in onsite letting pool, with 7 outside agents and 7 owner occupiers.
  • Over 21 years remaining on caretaking and letting agreements
  • Clean P&L made up of almost entirely BC salary and letting income
  • Solid BC salary of $187,572 (ex GST)
  • No requirement to live on site, no set office hours, easy to maintain grounds
  • Inclusive of manager's unit and 32 sqm office ($407,000)
  • Walk to Richlands Plaza, 10 mins to Greater Springfield, 5 mins to major Motorways
  • 3 other neighbouring complexes in Richlands also on market
  • Call agents Tim Crooks or Alex Cook for further information
  • Please click on the youtube icon below for a summary video on the offering. 
Listing Ref MR006475
Property Type Management Rights
Sale Type Management Rights - All
State QLD
Region Brisbane
Suburb Richlands
Net Profit $388,625
Price Bus $2.33M + Unit $407K
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Tim Crooks

Interested? Why not give Tim Crooks a call on 0417 544 562 or

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Alex Cook
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