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Exceptional Brisbane Northside MLR Income, Lifestyle&Location in One
$575k MR&$835k Unit = Total $1.41m
Permanent Management Rights, ASPLEY QLD
Exceptional Brisbane Northside MLR Income, Lifestyle & Location in One
Delivering an impressive 9.07% ROI, this high-performing Brisbane Northside MLR offers the perfect blend of reliable income, flexible operation, and quality onsite living - all in one of the citys most liveable and connected northern suburbs.
- Total Net Operating Profit: $127,85, $117,174 from core letting & $10,677 from external letting
- Business Price: $575,000, Core letting: $548,500 @ 4.68x, External letting: $26,500 @ 2.5x, Blended multiple: 4.5x.
- BC Salary: $102,370 (ex GST), Agreements: Recently topped up 25 years remaining
- No office hours or requirement to live onsite. Current duties handled by a single operator
Just 12km from Brisbanes CBD, this tightly held complex is ideally situated within the citys fast-growing northern corridor - prized for its accessibility and amenity. Residents enjoy proximity to Westfield Chermside, a wide range of public and private schools, major arterial roads, public transport, and local cafs, parks, and health services. Its a suburb that continues to attract strong owner-occupier and tenant demand alike.
The managers unit is a rare, renovated 4-bedroom home featuring two bathrooms, three car spaces, and a modern, private layout ideal for families or couples seeking more than just a functional base. Recently updated with quality finishes and thoughtful design, the home offers excellent separation of space, a light-filled living area, and a private outdoor area for entertaining or relaxing. Option to let the managers unit adds further upside to the already strong returns.
Excellent ROI in a high-demand rental location. Topped-up agreements with long tenure.
No office hours or residency requirement. Low overheads currently run by one operator.
Large, private 4-bedroom residence rarely seen in MLRs. Additional upside through letting the unit.
Act now tightly held MLRs with this level of income, lifestyle, and long-term security are rarely available. Contact our exclusive agents today to arrange your private inspection.
Ras360 Specialists in Management Rights | Motels | Hotels | Pubs | Parks
More Information
- Total Purchase Price: $575k MR&$835k Unit = Total $1.41m
- Net Income: $ 127,851
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 835,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: undisclosed
Estimated number of years till the Net Income reaches the Purchase Price of the business component. Other factors such as lifestyle, workload, location and offering should always be considered ahead of the multiplier when evaluating a Management Rights business.
Number of units the manager is authorised to manage.
Number of units resided in by their owners.
Number of units owners are not renting out, but also do not live in.
Number of units being rented by other agents (these could potentially be acquired by the manager).
The total number of units within the complex.
This is the body corporate caretaker salary. It is included in the Net Income above.
How long is the caretaking contract.
How long remains on the caretaking contract before it must be renewed?
How long has the management rights existed.
Required Office Hours
The value of on-title property included with the business. Its price is included in the Total Purchase Price.
Is there a manager's office included on the title?
Can the manager own a pet on site?