The combined management rights for Manhattan and Promenade residential complexes are for sale in this once in a lifetime opportunity. When investing in management rights you are purchasing a home (in The Manhattan complex) as well as the caretaking rights. Both apartment blocks are only a 5 minute drive apart, so managing the two complexes is a breeze.”The Manhattan” is a small boutique block of 24 apartments in the emerging inner city suburb of Newstead. It is located at 42 Newstead Tce, Newstead.”The Manhattan” features include:
- 16 units in the rental pool
- Corporate letting
- Furnished or Unfurnished
- Swimming pool
- BBQ area
- Limited garden & lawn maintenance
- Close to the airport, CBD, ammenities, restaurants, cafes, transport links
- In walking distance to the Mirvac waterfront development at the end of the street”Promenade” is located at 21 Miles St, Clayfield and is a small complex of 12 apartments set in a quiet street in the upmarket suburb of Clayfield.”Promenade” features include:
- 11 units in the rental pool
- Corporate letting furnished units
- 4kms to the CBD
- Swimming pool
- Limited garden & lawn maintenance
- Close to the airport, CBD, ammenities, restaurants, cafes, transport links

The Body Corp Salary COMBINED is $46,858 and the COMBINED sale price is $1.3 million. The Sustainability Declaration Form for this property can be obtained by contacting this agent.

This is an excellent business opportunity and if you would like to obtain more information or view the complexes please contact Pauline Karatau on 0418 733 773.