Bracken Ridge Townhouse Management Rights - 87 Units
Management Rights
ActivePropertyQueenslandB2C
Asking price
$2,000,000
Disclosed · AUD
Revenue (est.)
~$1,193,341
Estimated · comparable listings of this type and size
Net Profit
$297,500
Implied multiple
6.7×
asking / earnings
Brief
- Permanent management rights over a townhouse complex in Bracken Ridge, Brisbane
- 87 units in the letting pool; 100% occupancy; 21-year agreement term; built 2010
- Manager's unit: 4 bedroom detached house
- Facilities include swimming pool and gym; office on title; no set office hours
- Close to major retail centres, North Point TAFE, and Bruce Highway/Gateway Motorway access
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