Reliable and fast growing management and short-term accommodation business in Fortitude Valley
Permanent Management Rights for Sale in Fortitude Valley, QLD — $2,520,000
Key facts
- Price
- $2,520,000
- Location
- Fortitude Valley, QLD 4006
- Type
- Permanent Management Rights
- Net income
- $350,000 (projected)
- Caretaking remuneration
- $152,000
- Units in letting pool
- 20
- Total units in complex
- 80
- Agreement term (years)
- 10
- Agreement remaining (years)
- 10
- Bedrooms
- 2
- Bathrooms
- 1
- Car spaces
- 1
- Listing ID
- 21181109
- Last updated
- 2026-09-10
Description
Expressions of interest are invited for this outstanding opportunity to acquire the management rights to one of Brisbane’s premier residential complexes. Comprising 80 lots, this established business benefits from a desirable mix of short-term accommodation and permanent rentals, generating a strong net profit of $350,000 together with a substantial body corporate salary of $153,000 reviewed annually in line with CPI or greater.
The business is offered at $1.750 million, with the manager’s residence available for $770,000, representing a total acquisition price of $2.52 million. The sale includes the benefit of a fresh 10-year management agreement with potential to change to a 25-year.
The current letting pool consists of 20 apartments, including 12 very successful short-term accommodation units and 8 permanent rentals. A further 26 apartments are currently managed by external agencies, while 34 lots are owner occupied, providing a majority investor ownership structure and significant potential for an incoming operator to expand the letting pool and increase revenue over time. With established booking platforms, PropertyMe software already implemented, and professional strata management support in place, the business is well-positioned for a new owner to focus on growth and customer service.
As part of the purchase you will also receive ownership of the caretakers airbnb profile which contains thousands of 5 star reviews, social media accounts which have very high engagement, the buildings google business listing and website which includes direct booking features. The caretakers have intentionally built the business to make it very easy for new operators to continue scaling the business.
Included in the offering is a spacious manager’s apartment located on Level 1, featuring 2 bedrooms, 1 bathroom and secure parking for one vehicle. The management office is separate from the residence while remaining on the same title, providing an excellent balance between professional operations and private living. Exclusive-use storage areas are also included.
Residents and guests are attracted by the complex’s highly sought-after location, distinctive apartments and quality facilities, including a swimming pool, sauna, barbecue area and secure basement parking. With strong existing income, long-term agreement security, streamlined operations and genuine growth opportunities, this represents an exceptional turnkey management rights business in one of Brisbane’s most vibrant and desirable inner-city precincts.
The business is offered at $1.750 million, with the manager’s residence available for $770,000, representing a total acquisition price of $2.52 million. The sale includes the benefit of a fresh 10-year management agreement with potential to change to a 25-year.
The current letting pool consists of 20 apartments, including 12 very successful short-term accommodation units and 8 permanent rentals. A further 26 apartments are currently managed by external agencies, while 34 lots are owner occupied, providing a majority investor ownership structure and significant potential for an incoming operator to expand the letting pool and increase revenue over time. With established booking platforms, PropertyMe software already implemented, and professional strata management support in place, the business is well-positioned for a new owner to focus on growth and customer service.
As part of the purchase you will also receive ownership of the caretakers airbnb profile which contains thousands of 5 star reviews, social media accounts which have very high engagement, the buildings google business listing and website which includes direct booking features. The caretakers have intentionally built the business to make it very easy for new operators to continue scaling the business.
Included in the offering is a spacious manager’s apartment located on Level 1, featuring 2 bedrooms, 1 bathroom and secure parking for one vehicle. The management office is separate from the residence while remaining on the same title, providing an excellent balance between professional operations and private living. Exclusive-use storage areas are also included.
Residents and guests are attracted by the complex’s highly sought-after location, distinctive apartments and quality facilities, including a swimming pool, sauna, barbecue area and secure basement parking. With strong existing income, long-term agreement security, streamlined operations and genuine growth opportunities, this represents an exceptional turnkey management rights business in one of Brisbane’s most vibrant and desirable inner-city precincts.