I thought it time I step up from the sidelines and ask a question!
I've recently been seeing advertisements selling property management rights in resorts / apartment blocks etc. I'm aware that this is quite a common practice in parts of Australia, especially the Gold Coast.
Has anyone ever done any research on these? I asked for some information on one of them that was being marketed, and was surprised that you only had the right to manage the resort / occupy the managers apt., for 44 years. I assumed that you purchased the managers apt. which included the management rights in the price. The purchase price of the resort I looked at was quite high, you could have actually leased a hotel for the same price in many instances.
Any comments?
Thanks for all of the informative information in the past
Brent
I've recently been seeing advertisements selling property management rights in resorts / apartment blocks etc. I'm aware that this is quite a common practice in parts of Australia, especially the Gold Coast.
Has anyone ever done any research on these? I asked for some information on one of them that was being marketed, and was surprised that you only had the right to manage the resort / occupy the managers apt., for 44 years. I assumed that you purchased the managers apt. which included the management rights in the price. The purchase price of the resort I looked at was quite high, you could have actually leased a hotel for the same price in many instances.
Any comments?
Thanks for all of the informative information in the past
Brent
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