Newlands Real Estate
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PROFESSIONALS Surfers Paradise principal John Newlands has added another string to his bow: branching out into management rights.
The industry veteran, who also acts as the Gold Coast chair of the REIQ, has signed a three-year contract with the body corporate committee of Grosvenor Beachfront Apartments to look after the on-site management and holiday letting pool.
“It is unique. Not many residential real estate agents have done this. Tourism is a growth industry and I see this as an opportunity,” he said.
Mr Newlands said the unit owners had not sold the management rights because they wanted to retain a degree of control over costs.
Negotiations took about 12 months with Mr Newlands hoping to expand his business – Gold Coast Holiday Escapes – into looking after letting for houses.
Grosvenor has 56 units with 36 in the holiday letting pool.
Article from Gold Coast Bulletin.