Bowen Hills, Queensland

HUGE BRISBANE PERMANENT MR – c. $2M NOP | Resort Brokers ID : MR006987

$14M BUS + $1.1M UNITS

Property Description

On offer exclusively through ResortBrokers is an unprecedented opportunity to purchase the Management Rights and associated real estate to what is arguably the largest permanent business ever to hit the market.



  • One of the largest MR opportunities ever to hit the market

  • Over 700 apartments with over 450 managed in the onsite letting pool

  • Net Operating Profit of circa $2,000,000

  • BC salaries in excess of $1,000,000

  • 2 adjacent complexes, run as one business / one trust account

  • No requirement to live on site, large team in place

  • Over 20 years remaining of both sets of agreements.

  • Significant identifiable scope to grow the bottom line

  • Prime location in sought after inner Brisbane suburb

Date updated: 01 Dec 2021 00:00:08

Property Summary

Business Snapshot

Price: $14M BUS + $1.1M UNITS Net Profit: $1,956,910 Remuneration / Body Corp Salary: $1,033,062

Managers Unit

Value of Managers Apartment: $1,200,000Bedrooms: 2Bathrooms: 2

Complex Information

Complex Type: PermanentTotal Units in Complex: 757Total Units in Letting Pool: 453Holiday Units: 453Agreement Term Remaining: 25 years
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