Tim Crooks and Gareth Closter of Resort Brokers Australia have been exclusively appointed to market Central Village; a fully established, large scale Management Rights business based in central Brisbane.
This unprecedented offering will be highly sought after in a sector where critical mass is the key to high profitability.
Oxford, Cambridge & Canterbury are the three towers that comprise the master-planned apartment community known as Central Village. Situated within a principal scheme, there are a total of 520 apartments across the three buildings and 461 units in the letting pool.
Tim Crooks of Resort Brokers Australia tells SCHWARTZWILLIAMS, "the Central Village concept incorporates three beautifully enhanced heritage buildings into its design ensuring that the important connection to our city’s past architectural legacy is not lost."
"This attractive site has been preserved with an area of open space and when combined with the versatile range of high-end facilities makes residents feel like they are a part of an elite, inner-city country club."
Superbly placed to appreciate stunning city views, the buildings occupy a prime position a mere 150 metres walk away from the $2.9 billion RNA Showground redevelopment. Central Village is within walking distance to Fortitude Valley’s eclectic mix of entertainment, shopping and dining precincts found at the Emporium, James Street and China Town.
These established businesses produce a joint net income in excess of $1.6 million and are considered to be the largest, established scheme in the Brisbane Management Rights market.
The appealing combination of long-term agreements, high volumes in the letting pool and a substantial Body Corporate salary make this unprecedented business.
A unique and invigorating green public space of the Central Village site gives a more open feel than many of its competitors in the market. It is a concept that is expected to become an important element of the increasingly recognised cultural attractions of the in-demand suburb that is Fortitude Valley.
These towers were constructed by tier-one company PBS Builders, forming one high-netting, large-scale management rights.
Click here to view the listing on the Resort Brokers Australia website with additional information.
To discuss the sale phone or email Tim Crooks or Gareth Closter of Resort Brokers Australia via the below contact details.
See also:
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