Blue Chip Teneriffe equals Blue Chip Dual MLR For Sale

$2.058M MR&$1.1M Unit = Total $3.158M

Permanent Management Rights, TENERIFFE QLD

Price: $3,158,000 | Net Profit: $363,525 | Yield: 11.5%

An exceptional opportunity to secure the management rights to two highly sought-after residential complexes located in the heart of Brisbanes prestigious Teneriffe precinct. This dual-complex offering delivers a rare combination of strong income, long-term agreements, and minimal operational overhead, making it an ideal business for a single experienced manager or professional couple.

The business generates a total net profit of $363,525 per annum, with $351,549 derived from core letting and $11,976 plus $30,000 from external letting. The core business is valued at $2,028,000 based on a 5.77x multiplier, while the external letting component is priced at $30,000 based on a 2.5x multiplier. The total package, including real estate, is $3,158,000, offering an attractive yield of approximately 11.5%.

The managers unit is a spacious ground-level apartment with a total area of 203m, including 113m of internal living space (excluding balconies). It features two bedrooms, two bathrooms, and two basement car parks in tandem configuration (one of which is lock-up), and also enjoys rare street-level access. The unit has been professionally valued recently and is priced accordingly.

Both complexes benefit from long-term agreements, expiring in 2045 and 2046 respectively. The current agreements include one final 5% Body Corporate salary increase at the end of 2025, after which remuneration reverts to CPI-based indexing. There is a strong track record of top-up support, and the Body Corporate maintains excellent relationships with the manager.

Operationally, this business is highly efficient. One on-site manager handles the day-to-day operations solo, supported by a cleaner who attends both sites five hours a day from 7am to 12pm, Monday to Friday, excluding public holidays. A gardener visits for approximately four hours every three to four weeks. All equipment and pond maintenance are fully funded by the Body Corporate, further reducing overheads.

Located in the tightly held and ever-popular Teneriffe precinct, these complexes are perfectly positioned close to the river, cafes, restaurants, transport, and all lifestyle amenities. This is one of the most desirable management rights offerings currently available in inner-Brisbane.

For a buyer seeking a strong net return, lifestyle, and long-term security in one of Brisbanes best locations, this offering is not to be missed.Contact us today to receive the full information memorandum or to arrange a private inspection.

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