Thriving Management Rights Business for Saleâ Prime Brisbane City Location | Resort Brokers ID : MR008634

$4,911,629

Permanent Management Rights, BRISBANE CITY QLD

Seize this exceptional opportunity to acquire a well-established management rights business in a prominent city-based apartment complex. Offering modern amenities, strong financials, and long-term agreements, this business delivers both stability and profitability.

- Over 50% of the generated net profit is the Body Corporate Salary
- Recently topped up agreements with over 21 years remaining
- Currently operated by a two-person management team
- Requirement for manager or nominee to live on-site
- Freehold title operational areas include a reception& office - $200k
- Manager's 3 bed, 2 bath unit - $750k
- Facilities include pool, spa, sauna, and gym
- Easy access to motorway and inner city bypass
- Short walk to CityCat ferry, train or bus
- Few minutes' drive to elite private schools (BGS and BGGS) and University
- Walking distance to South Bank and CBD entertainment district
- All inspections by appointment only
Date updated: 03 Mar 2025 22:00:02

More Information

Financial Overview

Total Purchase Price: $4,911,629
Net Income: $ 647,053 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 950,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}
Multiplier: undisclosed
_{Estimated number of years till the Net Income reaches the Purchase Price of the business component. Other factors such as lifestyle, workload, location and offering should always be considered ahead of the multiplier when evaluating a Management Rights business.}

Letting Business

Letting Pool: 70
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 0
_{Number of units resided in by their owners.}

Lock Ups: 0
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 0
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: TBC
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 327,680
_{This is the body corporate caretaker salary. It is included in the Net Income above.}

Agreement Term: 25 years
_{How long is the caretaking contract.}

Agreement Remaining: 25 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 0 years
_{How long has the management rights existed.}

Office Hours: Monday , Wed, Friday 8:30am-4:30pm lunch break 12pm to 1pm Tuesday and Thursday 830am to 530pm 12pm to 2pm two hour lunch break, Saturday 9am-11am
_{Required Office Hours}

Complex Features: Secure parkingSecure entranceVisitor parking