Brisbane City, Queensland
NOP $647K Permanent Management Rights Business – Prime Brisbane City Location | Resort Brokers ID : MR008634
$4,911,629
Business Description
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
- Freehold title operational areas include a reception & office - $200k
- Manager's 3 bed, 2 bath unit - $750k
- Consistant high rental demand
- Easy access to motorway and inner city bypass
- Short walk to CityCat ferry, train or bus
- Only minutes' drive to elite private schools (BGS and BGGS) and University
- Walking distance to South Bank and CBD district
- All inspections by appointment only
Date updated: 16 Mar 2025 22:00:06
Business Summary
Business Snapshot
Price: $4,911,629
Net Profit: $647,053 Remuneration / Body Corp Salary: $327,680
Managers Unit
Value of Managers Apartment: $950,000Bedrooms: 3Office: On TitleComplex Information
Complex Type: PermanentTotal Units in Complex: 186Total Units in Letting Pool: 70Owner Occupy Units: 63Outside Agent Units: 51Agreement Term Remaining: 25 years
