Brisbane City, Queensland

Iconic Brisbane CBD Permanent MLR - minimal workload & strong conversion upside | Resort Brokers ID : MR009157

Under Contract / Offer

Business Description

The New Yorker, an iconic Brisbane CBD building, delivers a streamlined management rights operation, suitable for those seeking an easy add-on business with strong fundamentals, minimal workload and low operational complexity.

Caretaking duties remain exceptionally light with no car parks, gardens or swimming pool to maintain. This 58-unit Brisbane complex generates $100k+ in body corporate salary from a 23-unit letting pool, operating under 20-year agreements.

There is a clear pathway for converting current permanent tenancies and other Airbnb units to short-term letting presents genuine upside potential with an extremely supportive BC committee.

With no onsite living requirement, there is flexibility to rent out the ground-floor manager's two-bedroom, two-bathroom loft-style unit for additional income. Walking distance to the train station, Queen Street Mall, restaurants and all major amenities ensures outstanding rental demand.

- Net Profit $163,970 which includes a generous $100k+ Body Corporate Salary
- Prime CBD location with walking access to train station, Queen Street Mall and all major amenities
- No fixed office hours
- Greatupside to convert permanent and Airbnb units to short-term letting
- Minimal workload with no car parks, gardens or swimming pool to maintain
- Supportive three-member body corporate committee with all units intheletting pool
- No onsite living requirement - flexibility to rent out manager's unit for additional income
- Body corporate covers carpet cleaning, bin cleaning, spaservice
- Two-bedroom, two-bathroom ground floor loft-style manager's unit
- Extremely low caretaking duties with only a jacuzzi spa as common facility
- Inspections by appointment only
Date updated: 23 Aug 2026 23:00:06

Business Summary