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Iconic Brisbane CBD Permanent MLR - minimal workload&strong conversion upside | Resort Brokers ID : MR009157
$1,223,895
Permanent Management Rights, BRISBANE QLD
The New Yorker, an iconic Brisbane CBD building, delivers a streamlined management rights operation, suitable for those seeking an easy add-on business with strong fundamentals, minimal workload and low operational complexity.
Caretaking duties remain exceptionally light with no car parks, gardens or swimming pool to maintain. This 58-unit Brisbane complex generates $100k+ in body corporate salary from a 23-unit letting pool, operating under 20-year agreements.
There is a clear pathway for converting current permanent tenancies and other Airbnb units to short-term letting presents genuine upside potential with an extremely supportive BC committee.
With no onsite living requirement, there is flexibility to rent out the ground-floor manager's two-bedroom, two-bathroom loft-style unit for additional income. Walking distance to the train station, Queen Street Mall, restaurants and all major amenities ensures outstanding rental demand.
- Net Profit $163,970 which includes a generous $100k+ Body Corporate Salary
- Prime CBD location with walking access to train station, Queen Street Mall and all major amenities
- No fixed office hours
- Greatupside to convert permanent and Airbnb units to short-term letting
- Minimal workload with no car parks, gardens or swimming pool to maintain
- Supportive three-member body corporate committee with all units intheletting pool
- No onsite living requirement - flexibility to rent out manager's unit for additional income
- Body corporate covers carpet cleaning, bin cleaning, spaservice
- Two-bedroom, two-bathroom ground floor loft-style manager's unit
- Extremely low caretaking duties with only a jacuzzi spa as common facility
- Inspections by appointment only
Date updated: 19 Apr 2026 23:00:05
More Information
- Total Purchase Price: $1,223,895
- Net Income: $ 163,970
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 650,000
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?