ResortBrokers presents an exclusive opportunity to acquire two exceptional permanent business-only Management Rights (MLR) located in the prime inner-city locations of Kangaroo Point and The Gap. These modern and luxury residential complexes were built in 2020 and 2019 respectively, offering a unique investment opportunity in the thriving Brisbane management rights market. The duo consists of a total of 158 lots under management, with 27 currently in the onsite letting pools.
The commercial numbers across these complexes are impressive, with a high combined net profit of $374,627 including an impressively strong body corporate salary which accounts for 80% of the total income, sees a yearly escalation of 3% or in accordance with CPI, whichever is greater. This makes this opportunity an indisputable contender for consideration.
These well-established complexes are offered on a ‘business-only’ basis, with no real estate to purchase. The manager has the benefit of an office and storage space, secured under occupational authority. There is also no set office hours. The set-up allows the incoming manager great flexibility in how they run the businesses moving forward.
Based on a 25-year caretaking and letting agreement, with long agreement terms remaining - 22 & 21 years respectively, this opportunity offers stability and potential for long-term growth. It is further enhanced by the flexibility it offers. There is no requirement to live onsite or purchase real estate, providing a high degree of operational freedom.