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BRISBANE CITY-FRINGE PERMANENT BUSINESS ONLY MLR WITH NET OVER $580K | Resort Brokers ID : MR008967
$3.8M + $400K Office
Permanent Management Rights, South Brisbane QLD
Located within the city-fringe of Brisbane, this fully established management rights business with 200+ apartments offers incredible flexibility and significant upside potential. There is no requirement to live onsite and no set office hours and a freehold title office offers a professional workspace with reception, back of house and office area. The business has a proven track record demonstrating strong returns, is underpinned by a solid BC salary and with a five year top-up pending, provides long-term security with tenure extending beyond 20 years.
- Verified net profit over $580,000 p.a.
- Over 200 apartments with a permanent letting pool of circa 60 units
- Plenty of upside via conversion ofoutside agents and onsite sales
- Body corporate salary approaching $400,000 p.a.
- High-demand rental location within easy walk of city and well-connected to transport& entertainment
- Stunning onsite amenities including pool, gym, steam, cinema and rooftop area
- 5 year top-up pending will result in 23 years remaining on careataking and letting agreements
- Excellent operationalspace on freehold title with reception, office and back of house, plus storage on EU
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Suited to experienced couples, or established operators looking to add a substantial asset to their portfolio.
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All inspections by appointmentonly
Date updated: 18 Nov 2025 22:00:02
More Information
- Total Purchase Price: $3.8M + $400K Office
- Net Income: $ 585,100
(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