Inner-city caretaking only MR - $230,000 salary in blue-chip suburb | Resort Brokers ID : MRC009101

$425,000

Permanent Management Rights, Brisbane QLD

The property delivers a caretaking-only opportunity in prestigious Brisbane suburb with exceptional lifestyle appeal. This boutique 30-lot riverside building offers a substantial manager salary of $230,000 per annum with annual CPI increases, backed by a Standard Module agreement with 7.5 years remaining. The straightforward business structure requires no letting pool management and no real estate purchase.

We have allowed $46,000 of wages as a lifestyle choice, which could be absorbed for a hands on purchaser and $4,000 for personal indemnity insurance. Duties centre on maintaining the building's premium standards through cleaning, gardening and rooftop amenity. The body corporate and owner-occupier community value quality service, creating a stable operational environment.

With potential scope to grow revenue through offering additional services this presents an ideal business-only, given it's price point, for those getting back into the industry or a high-quality add-on for existing operators looking to grow their caretaking salary in one of Queensland's most desirable locations.
-Prestigious boutique river front residential building in blue-chip suburb.-Strong manager salary of $230,000 with annual CPI increases.- $180,000 net includes a $46,000 wage allowance to offer flexibility and $4,000 for insurance (subject to purchaser's preference).-Standard Module agreement with 7.5 years remaining.-Scope to grow income through additional services.-Duties include maintaining gardens, water feature, outdoor casual seating spaces, internal and external foyer spaces, wine room and rooftop pool.- Inspections by appointment only.
Date updated: 09 Mar 2026 22:00:02

More Information

Financial Overview

Total Purchase Price: $425,000
Net Income: $ 180,000 (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.}

Letting Business

Letting Pool: TBC
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 30
_{Number of units resided in by their owners.}

Lock Ups: 0
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 0
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 30
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 230,000
_{This is the body corporate caretaker salary. It is included in the Net Income above.}

Agreement Term: 10 years
_{How long is the caretaking contract.}

Agreement Remaining: 10 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 0 years
_{How long has the management rights existed.}

Office Hours: Fixed Concierge/Office Hours 8â 4pm, 5 days per week.
_{Required Office Hours}

Complex Features: The caretaking agreement is contracted to a third party until March 2026. The cleaning, gardening and pool care is contracted to individual small business owners, and the caretaker supervises them so there is also an opportunity to increase the salary if these were to be taken on by the caretaker.