Alderley, Queensland
Who is looking for a Business Only on Brisbane Northside?
Under Contract / Offer
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: Under Contract / Offer
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
Key Investment Insights
1. Management rights only opportunity on Brisbane Northside, located in Alderley.
2. Established complex of 46 one- and two‑bedroom apartments over five levels, with two retail premises on the ground floor.
3. Business combines on-site caretaking and external property management, providing diversified income streams.
4. Letting pool comprises 20 on-site apartments, with two external properties in Cannon Hill and Camira remaining under management.
5. Opportunity to add two additional external properties to the management portfolio, increasing revenue potential.
6. Annual net income $163,559, comprised of $157,745 from Locale Apartments and $5,814 from external properties.
7. Remuneration / body corporate salary $109,754, with the body corporate salary increasing by 5% annually for predictable income growth.
8. Caretaking and Letting Agreements commenced October 2016 and extend to 2046, delivering long-term contractual stability.
9. Agreement term is 25 years with 21 years remaining, classified as a permanent complex.
10. Operational duties are straightforward and low maintenance, limited to cleaning, general building management, and minimal garden upkeep.
11. Occupancy mix includes 15 owner‑occupy units and 8 units managed by outside agents, indicating potential to grow the internal letting pool.
