Business-Only MLR with minimal duties - Teneriffe Riverfront | Resort Brokers ID : MRB009080

$1,356,768

Permanent Management Rights, Teneriffe QLD

ResortBrokers offers to market a genuine business-only management rights opportunity in a blue-chip location, close to Brisbanes CBD, with direct Riverwalk access and close proximity to premier schooling, shopping and dining - delivering exceptional operational flexibility without real estate purchase or onsite residency requirements.

Caretaking duties are supported by established contractors, with the majority of costscovered by the body corporate.

The permanent residential complex attracts high-calibre professional tenants paying premium rents, supported by excellent occupancy rates. With 15 units in the letting pool, immediate upside exists through the potential conversion of units presently managed by external agents.

With 20 years remaining on the agreements, which have been successfully topped up twice during the current tenure, this opportunity will appeal to established operators seeking a bolt-on acquisition, as well as newcomers looking for a manageable entry point within a tightly held riverfront precinct.

- Prime riverfront business with direct riverwalk access
- No requirement to purchase real estate
- No requirement to live onsite
- Body Corporate Salary circa $147k with very manageable workload
- High-demand rental precinct, professional tenants paying premium rents
- Minutes from Brisbane's CBD and Brisbane's top private schools
- Upside to convert the externally managed units
- Strong body corporate relationship with supportive committee
- Inspections are by appointment only
Date updated: 18 Feb 2026 12:19:03

More Information

Financial Overview

Total Purchase Price: $1,356,768
Net Income: $ 226,128 (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.}

Letting Business

Letting Pool: 15
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 0
_{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: 0
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

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

Caretaking

Remuneration: $ 147,075
_{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: 20 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 - 3 hours per day
_{Required Office Hours}

Complex Features: Brand new resort style pool installed within recent years Riverside BBQ terrace Beautiful, modern waterfront apartments Direct riverwalk access Secure car parking and ample visitor spaces 12 CCTV security cameras