Alderley, Queensland

Who is looking for a Business Only on Brisbane Northside?

SOLD

Business Description

An exceptional management rights opportunity is now available in Alderley, Brisbane. Locale Apartments in Alderley is a well-established complex consisting of 46 stylish one- and two-bedroom apartments across five levels, with two retail premises located on the ground floor. The business includes both on-site management of the complex and external property management, offering a diverse and reliable income stream.

The letting pool features 20 apartments within the complex, while two external properties located in Cannon Hill and Camira will remain under management. There is also potential to include two additional external properties, which could further enhance the income. The business currently generates an annual net income of $163,559, which includes $157,745 from the Locale Apartments complex and $5,814 from external properties. The property has been price with this blended profit in consideration.

The Caretaking and Letting Agreements, established in October 2016, have been extended to 2046, ensuring stability and long-term value. The body corporate salary increases by 5% annually, providing predictable growth in revenue. Duties for the caretaker are straightforward, including cleaning, general building management, and maintaining the small garden areas, which require minimal attention per month.

With its established income, minimal workload, and long-term agreements in place, Locale Apartments presents a fantastic opportunity for an experienced operator or someone new to the management rights industry. Contact Ras360° today to learn more about this outstanding business opportunity.

**Ras360° – Specialists in Management Rights | Motels | Hotels | Pubs | Parks**

Business Summary

Business Snapshot

Price: SOLD Net Profit: $163,559 Remuneration / Body Corp Salary: $109,754

Complex Information

Complex Type: PermanentTotal Units in Complex: 46Total Units in Letting Pool: 20Owner Occupy Units: 15Outside Agent Units: 8Agreement Term: 25 yearsAgreement Term Remaining: 21 years

Marketing Agent

Malcolm O'Farrell

0423 09....

Nathan Eades

0448 33....

Ras360

Key Investment Insights

AI generated. Confirm details with the seller.

1. Management rights opportunity located in Alderley on Brisbane Northside, within a five level complex of 46 one and two bedroom apartments.
2. Business includes both on-site caretaking and external property management, providing diversified revenue streams.
3. Established letting pool of 20 apartments inside the complex, with 15 owner occupied units and 8 units managed by outside agents.
4. Two external properties in Cannon Hill and Camira currently remain under management, with scope to add two more external properties to increase income.
5. Current annual net profit $163,559, comprising $157,745 from Locale Apartments and $5,814 from external properties.
6. Remuneration / body corporate salary reported at $109,754, contributing to the overall net income.
7. Caretaking and Letting Agreements commenced October 2016 and have been extended to 2046, delivering 25 year terms and long term contractual stability.
8. Agreement term remaining reported as 21 years, indicating long runway for recurring revenue.
9. Body corporate salary increases at 5% per annum, providing predictable revenue escalation.
10. Caretaking duties described as straightforward and low time commitment, involving cleaning, basic building management and minimal garden maintenance.
11. Two retail premises on the ground floor add mixed‑use appeal and potential ancillary income or amenity value.
12. Positioned as suitable for an experienced operator or a newcomer to management rights, given established income, long agreements and minimal operational complexity.