A Rare Woolstore Management Rights Opportunity – Welcome to Teneriffe Apartments

Unlock a rare lifestyle and business opportunity with ResortBrokers. Secure the management rights of the legendary Teneriffe Apartments, a heritage-listed WoolStore building, situated at the crossroads of Commercial Road and Arthur Street, seamlessly blending historical charm, modern luxury and commercial convenience.

Enjoy the 99sqm two-storey loft-style Woolstore apartment, featuring two bedrooms, two bathrooms, and a spacious loft office space, with striking 8m tall ceilings.

The substantial net profit of $137,277 comes with relatively minimal responsibilities and an exclusive onsite office, providing flexibility for business operations.

Capitalise on growth potential with 23 apartments in the letting pool, with over 68% of the income derived from the Body Corporate salary. Business selling for $599,000 with an additional $830,000 for the spectacular two-bedroom manager's residence.

Benefit from a stable income whilst relishing Brisbane's rich history and enjoying the benefits of a thriving property market.

Contact ResortBrokers, as this fantastic opportunity won't last long.

  • Acquire management rights to the iconic, heritage-listed Teneriffe Apartments.
  • Ownership includes a unique 99sqm two-storey, loft-style Woolstore apartment.
  • Enjoy a net profit of over $137k (CPI increase coming) with minimal responsibilities.
  • Long 22 year agreements with a history of top ups and variations, showing an active body corporate
  • Majority of net profit derived from body corporate salary ($95,429).
  • Benefit from no set office hours with an onsite office under exclusive use.
  • Potential growth with 23 of 66 apartments in letting pool and 14 outside agents (2 self managed).
  • Prime location at the intersection of Commercial Road and Arthur Street, Teneriffe.
  • Inspections are by appointment only
Frank Matus

Interested? Why not give Frank Matus a call on 0435 742 698 or