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  • Management Rights Brisbane
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Prime MR in popular inner-city fringe - $331K net profit @ attractive 4.75x | Resort Brokers ID : MR008672

$2,472,516

Permanent Management Rights, TOOWONG QLD

You wont find a better bang for your buck at a 4.75x multiplier, than this reputable and well-maintained MLR business backed by a strong BC salary representing 70% of the income. The coveted management and letting rights, plus associated real estate are situated in popular Toowong, just 4km to the Brisbane city centre.

Run under a single scheme, this sought-after complex has recently topped up caretaking and letting agreements providing security of long tenure for the incoming manager and demonstrating a supportive working relationship with the committee.

The property boasts excellent on-site facilities, featuring a ground-floor office on title and a spacious 3-bedroom, 2-bathroom manager's unit. Priced at $900,000 for both, this represents incredible value and a desirable solution for a family to live comfortably on-site alongside potential income generation. While there is a requirementto live onsite, the incoming manager will have the option to rent out the 3-bed manager's unit and reside in either a 1 or 2-bedroom apartment, should they choose.

The proximity to top private or state schools enhances its appeal, making it an ideal choice for families looking to settle in the area.


- Solid net profit over $331,056
- One Body Corporate Scheme
- BC salary of $232,829 with annual CPI increases (70% of total income)
- Permanent letting pool of 33 units with upside through outside agent conversion
- Separate freehold title ground floor office& 3-bed, 2-bath apartment - $900K (below the bank valuation)
- Option to rent out 3-bed manager's unit and reside in a 1 or 2-bedroom apartment
- Facilities include a swimming pool, spa, gym, and tennis court
- Long tenure remaining on accommodation module agreements
- Incredible convenience to shops, transport, education, entertainment and the city
- Inspections strictly by appointment only
Date updated: 06 Jul 2025 23:00:03

More Information

Financial Overview

  • Total Purchase Price: $2,472,516
  • Net Income: $ 331,056 (actual)
    This is the combined total income acheived by the business after expenses, before tax.
  • Included Real Estate: $ 900,000
    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: 33
    Number of units the manager is authorised to manage.
  • Owner Occupiers: 69
    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: 19
    Number of units being rented by other agents (these could potentially be acquired by the manager).
  • Units In Complex: 121
    The total number of units within the complex.
  • Caretaking

  • Remuneration: $ 232,829
    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: 19 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:
    Required Office Hours
  • Complex Features:
  • Real Estate Component

  • Manager's Unit:   3 0
  • Included Real Estate: $ 900,000
    The value of on-title property included with the business. Its price is included in the Total Purchase Price.
  • Manager's Car Spaces: 0
  • 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:
  • Listing Agent Contact Details

    %2Fusers%2Flogo_754806%2F1.jpg Click here to view full profile for: Resort Brokers

    Portrait

    Jessie Shi

    Office : 1300 665 ...
    Mobile : 0422 935 ...

    Resort Brokers

    http://www.resortbrokers.com.au


    Send an Email:

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    • Property ID: 21151431
    • Broker's Ref: MR008672
    • =754806
    • Last Update: 3 months ago.
    • Listing Type: Permanent
    • Price: $2,472,516
    • TOOWONG, QLD

    Agent Details

    %2Fusers%2Flogo_754806%2F1.jpg Click here to view full profile for: Resort Brokers

    Portrait

    Jessie Shi

    Office : 1300 665 ...
    Mobile : 0422 935 ...

    Resort Brokers

    http://www.resortbrokers.com.au


    Send an Email:


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