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PRIME INNER-CITY PERMANENT RIGHTS WITH STRONG NET AND GROWTH POTENTIAL

This stunning complex is located directly on the riverfront in Brisbane and is well-established as a permanent management rights business. It offers incoming managers a stable and secure business that's easy to manage and generates a net income over $500,000 per annum supported by a strong body corporate salary close to $400,000.

This management rights will be best suited to an experienced two-person team to run efficiently and with a hands-on approach there is good upside to revenue and the opportunity to convert currently external agents being used back into the onsite letting pool.

  • Beautifully maintained mid-rise apartment complex with 167 units
  • Brisbane river frontage overlooking iconic Story Bridge and Brisbane city
  • Good tenure remaining on Caretaking and Letting Agreements
  • Circa. 50 units in the on-site letting pool
  • Office and storage areas provided under OA
  • Growth potential via converting outside agents back into pool and through on-site unit sales
  • No set hours but currently operating Mon-Fri 8.30am-4.30pm
  • Manager is required to live on-site in one of the schemes
  • Stunning 2 bed, 2 bath manager's unit - $1.3M
  • Currently an employed property manager lives in the unit
  • Property can be run by a two-person full time team with contractors for caretaking
  • All inspections by appointment only
Jessie Shi

Interested? Why not give Jessie Shi a call on 0422 935 428 or