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Prime Riverfront Business Only with no real estate to buy | Resort Brokers ID : MRB009004
$945,000
Permanent Management Rights, AUCHENFLOWER QLD
Primely positioned along Coronation Drive overlooking the Brisbane River, this tightly held inner city fringe management rights opportunity is being offered to the market for the first time in 15 years. The complex comprises 70 modern apartments across two residential towers, with an 18 apartment permanent letting pool.
The body corporate salary of $151,008 represents 72% of total income, providing a highly secure revenue base for the incoming operator. Facilities include a swimming pool and barbecue area, with manageable caretaking duties and no set office hours. The agreements operate under the standard module with nine years remaining, and are backed by a supportive body corporate with a strong history of top-ups.
The property offers excellent connectivity to the CBD and wider Brisbane via CityCat, bus and train services, and benefits from its proximity to the Wesley Hospital, Milton business district and Park Road restaurant precinct, underpinning consistent rental demand from professionals, medical staff and university employees. While the agreements require the manager to reside onsite, there is no requirement to purchase a managers unit, with the current operator renting a two bedroom apartment at $625 per week.
With the long term manager now retiring, this opportunity will appeal to both experienced operators and first time buyers seeking a secure income stream in a blue chip inner city fringe location.
Contact Jeff today to make an inspection!
- Solid net profitcirca $210,000
- Body corporate salary of $151,008
- Standard module with nine years remaining
- Supportive body corporate with excellent top-up history
- Business-only with no real estate to purchase
- Requirement to reside onsite
- Two-bedroomunit available to rent for incoming mangers
- Option to rent a 2 or 3 bedroom unit, if desired
- Manageable 18-unit letting pool
- Currently run by a sole operator
- No office hours required
- Inner-city fringe location with access to major transport tunnels and public transport networks
- Inspectionsare by appointment only
Date updated: 01 Dec 2025 22:00:02
More Information
- Total Purchase Price: $945,000
- Net Income: $ 209,865
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 0
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