Management rights, 114 lots with 92 in letting pool

About the business

This is a management rights business in Brisbane, made up of 114 lots with 92 of them in the letting pool. The sale covers the business only, the buyer need not live onsite or buy real estate, and there are no set office hours. The Accommodation Module agreements have 25 and 24 years remaining, and the term has been topped up to the full 25 years. The body corporate salary is CPI indexed. Buyers who want to live onsite can purchase an optional three-bedroom manager's residence. The business is in north Brisbane, near shops, cafes and restaurants. The broker reports that the caretaking duties are manageable and the gardens are low maintenance. The broker reports a strong rental demand area with further growth potential. The broker reports that the business sits in a growing northside corridor.