Offered at a highly attractive 5.95x multiplier, this business-only management rights portfolio of three neighbouring complexes in Brisbane’s booming inner north, delivers scale, flexibility and profitability.
With a net profit of more than $413,000, underpinned by a body corporate salary representing 67% of net income, this established business is well suited to experienced operators seeking an add-on or first-timers looking to enter management rights.
Significant upside remains, with just 45 of the portfolio’s 183 total apartments currently in the onsite letting pool. A further 31 units are externally managed, providing a clear opportunity for the incoming operator to grow the letting pool and increase returns.
Nundah is a high-demand rental market, prized for its convenient inner-north location, village vibe and excellent transport connections, including immediate access to the motorway and Nundah Railway Station.
This business offers exceptional flexibility, with no real estate outlay, no requirement to live onsite and no set office hours. Caretaking duties are straightforward, centred on common-area cleaning and minimal gardening.
At a sub-6x multiplier, this is an incredible opportunity to acquire — at exceptional value — a highly profitable, scalable and flexible management rights business in a tightly held inner-north location.
Interested? Why not give Jeff Keast a call on 0414 669 007 or jeff@resortbrokers.com.au
