LARGE SCALE MR IN BRISBANE'S CITY FRINGE - SOLID BC SALARY $341K&HIGH ROI | Resort Brokers ID : MR008665

$3,319,386

Permanent Management Rights, TOOWONG QLD

ResortBrokers offers to market, the opportunity to acquire a large-scale permanent management rights business, in Brisbanes sought-after city-fringe suburb of Toowong which enjoys a substantially high rental demand.

Underpinned by a solid net profit of over $488k the incoming operator can also rely on the stability of a solid Body Corporate salary circa $341k (with annual reviews), which constitutes over 70% of thetotal income, contributing to circa 15% Return on Investment.

This permanent residential complex is within walking distance of shops, public transport, entertainment areas and only minutes drive to Brisbane City, Pacific Motor Way, Inner City ByPass, and a range of reputable schools (eg. Queensland Academies, Brisbane Grammar School, etc.) The agreements have been recently topped up, ensuring long tenure and stability for the incoming operator.

This is a fantastic opportunity and offers a coveted acquisition suited to experienced operators, syndicate, or couple looking to expand their management rights portfolio in the thriving Brisbane market.

- Healthy body corporate salary circa $341k, over 70% of total income
- Well-run and profitable MLR with high ROI
- No set office hours
- Recently topped-up agreements with long tenure remaining
- Large 3 bed, 2 bath apartment plus attached office on title - $900k (below valuation)
- Enviable inner-city fringe location, close to all amenities and reputable public and private schools
- Unmissable opportunity for all experienced operators
- Inspections by appointment only
Date updated: 04 Apr 2025 22:00:02

More Information

Financial Overview

Total Purchase Price: $3,319,386
Net Income: $ 488,765 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 900,000
_{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: 52
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 91
_{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: 44
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 187
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 341,722
_{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: No set office hours
_{Required Office Hours}

Complex Features: The complex features a combination of 1, 2 and 3 bedroom apartments Semi-modern medium rise complex built in 2003 Facilities include swimming pool, gymnasium, recreational area, BBQ area, visitor car parking and basement car parking.

Real Estate Component

Manager's Unit: 3 2

Included Real Estate: $ 900,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 2

Office On Title: 1
_{Is there a manager's office included on the title?}

Pets: no
_{Can the manager own a pet on site?}

Unit Features: The Manager's Lot incorporates residential and office components. The residential component is situated on the podium level and comprises a 3 bedroom, 2 bathroom apartment with balcony. The unit has an exclusive use tandem car park.