Bulimba, Queensland

Flexible Business Only Management Rights with $268k Net Profit | Resort Brokers ID : MRB008445

$1,395,268

Business Description

ResortBrokers is excited to offer to market Reach Bulimba – a premium and profitable “business-only” management rights complex, in arguably one of Brisbane’s most desirable riverside locations, Bulimba, only 10 min from the CBD.

There are of 95 units across two buildings, with 30 in the internal letting pool with an additional, profitable rent roll of 32 external properties totalling a net profit of over $268,000. 25 year agreements with long tenures (across both schemes) and a combined Body Corporate Salary of $147,994, further enhance the investment's returns.

The current vendor has great relationships with the Body Corporate/s and engaged committees across both buildings which are side by side, a testament to its well-run operations. This business-only management rights opportunity is truly a flexible and turnkey operation, offering a seamless transition with the option to retain the current caretaker.

This opportunity is perfect for savvy business operators and/ or experienced managers looking to grow their portfolio. With no real estate to purchase and no requirement to reside onsite, it offers flexibility and ease of operation.

Get in touch with either Todd or Frank today to secure!

- Business only Management Rights with strong net profit of $268k+
- Ready-to-run operation with caretaker retention option
- Long agreements - Strong rapport with proactive Body Corporate and committee
- No need for real estate purchase or onsite residency
- Diverse range of 1,2,3 bedroom apartments with 30 in letting pool
- Profitable additional rent roll of 32 properties
- Prime location in one of Brisbane's most sought-after suburbs
- Ideal for industry newcomers or seasoned operators seeking portfolio expansion
- Inspection by appointment only
Date updated: 01 Dec 2024 22:00:06

Business Summary