Exclusive

BRISBANE CITY-FRINGE PERMANENT BUSINESS ONLY MLR WITH NET OVER $580K

Located within the city-fringe of Brisbane, this fully established management rights business with 200+ apartments offers incredible flexibility and significant upside potential. There is no requirement to live onsite and no set office hours and a freehold title office offers a professional workspace with reception, back of house and office area. The business has a proven track record demonstrating strong returns, is underpinned by a solid BC salary and with a five year top-up pending, provides long-term security with tenure extending beyond 20 years.

  • Verified net profit over $580,000 p.a.
  • Over 200 apartments with a permanent letting pool of circa 60 units
  • Plenty of upside via conversion of outside agents and onsite sales
  • Body corporate salary approaching $400,000 p.a.
  • High-demand rental location within easy walk of city and well-connected to transport & entertainment
  • Stunning onsite amenities including pool, gym, steam, cinema and rooftop area 
  • 5 year top-up pending will result in 23 years remaining on careataking and letting agreements
  • Excellent operational space on freehold title with reception, office and back of house, plus storage on EU

  • Suited to experienced couples, or established operators looking to add a substantial asset to their portfolio. 

  • All inspections by appointment only 

Listing Ref MR008967
Property Type Management Rights
Sale Type Management Rights - All
State QLD
Region Brisbane
Suburb South Brisbane
Net Profit $585,100
Price $3.8M + $400K Office
Enquire Now
Alex Cook

Interested? Why not give Alex Cook a call on 0467 600 610 or

LinkedIn | VCard | View Profile

Phone Enquire Now