Permanent MLR with NO Onsite Requirement - Prime Location just 5km from Brisbane | Resort Brokers ID : MR008749

$2,448,241

Permanent Management Rights, Cannon Hill QLD

Enviably located within five kilometres from Brisbane's CBD this exceptional management rights business offers a secure 23-years agreement, a generous body corporate salary - 60% of total net profit ensuring a steady income stream. The high rental demand and long tenant waitlist underscore the appeal of this opportunity.

The body corporate relationship is excellent, with supportive committees, professional contractors in place and an attractive salary circa $168k. The manager's unit generates an impressive rent of $37,000 annually, with no on-site residency required. Offering lifestyle flexibility for the new owner with minimal office hours, the manager's lot exclusive use office, storage rooms and an extra dedicated manager's parking space.

Perfect for those seeking a solid business venture with the added benefit of a prime city fringe location with upside, high rental demand and a supportive body corporate, get in touch today to secure!

- Secure long-term agreement with 23 years remaining
- Just 5km from Brisbane CBD
- Flexible lifestyle with no requirement to live on-site
- Attractive body corporate salary with an incoming increase annually
- Minimal gardens and very manageable caretaking duties
- High rental demand with long tenant waitlist
- Spacious manager's unit generating $37,000 extra rental income annually - not included in the total net profit
- Excellent body corporate relationship and supportive committees
- Prime city fringe location within Cannon Hill and Balmoral school catchments
- Conveniently located near cafes, public transport, and shopping centres
- Masterpiece of landscaping design, 'green living' just 5km from Brisbane CBD
- Inspections are by appointment only
Date updated: 02 Jun 2025 23:00:01

More Information

Financial Overview

Total Purchase Price: $2,448,241
Net Income: $ 283,902 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 830,000
_{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.}

Letting Business

Letting Pool: 48
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 57
_{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: 4
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 110
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 168,025
_{This is the body corporate caretaker salary. It is included in the Net Income above.}

Agreement Term: 25 years
_{How long is the caretaking contract.}

Agreement Remaining: 23 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: Mon, Wed, Fri - 4 hours per day
_{Required Office Hours}

Complex Features: The Barracksâ a master planned residential community is a spacious and architecturally designed green community comprising 110 townhouses and apartments. The complex borders creeks, reserves and parklands, and offers a landscaped communal space complete with swimming pool, BBQ, terraces and a gym.

Real Estate Component

Manager's Unit: 2 2

Included Real Estate: $ 830,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 1

Office On Title: 0
_{Is there a manager's office included on the title?}

Pets: yes
_{Can the manager own a pet on site?}

Unit Features: Modern townhouse Private gated front covered couryard/patio area Main bedroom on 2nd floor is carpeted and has roller blinds, this overlooks gardens with double sliding doors leading to balcony Open plan kitchen, dining space and lounge are located on the bottom floor