Bulimba, Queensland
Big $257k Profit in Location Location Location
$1.350M MR & $790k Unit = Total $2.140M
Business Description
Earn a magnificent $257k while living and working in the Blue chip suburb of Bulimba
No need to worry about rising petrol costs when the car doesn't need to leave the carpark as your work is at your door
An opportunity to acquire a well-established Management Rights business in one of Brisbane’s most tightly held inner-city suburbs.
The business delivers a strong nett income of $256,848, supported by an Accommodation Module with 24 years remaining, providing long-term security and stability for the incoming operator.
💰Additional Income & Upside Opportunities
Importantly, there are income streams and growth avenues not fully reflected in the current nett figure:
• The Body Corporate engages the managers to undertake additional gardening and maintenance work outside the caretaking agreement, generating supplementary income.
• Real estate sales within the complex present further earning potential. A recent sale of $1.420M highlights the strength of the local market and the opportunity for sales commissions to enhance overall returns.
These elements provide scope for an incoming operator to further optimise income over time.
The complex is straightforward to manage and will appeal to buyers seeking a balanced combination of income, tenure, and lifestyle.
Located in Bulimba, the business benefits from a strong residential profile, consistent rental demand, and proximity to the vibrant Oxford Street precinct, ferry services, and the Brisbane CBD. The suburb continues to attract stable, long-term residents.
The manager’s accommodation comprises a recently refurbished one-bedroom plus study apartment, supported by substantial exclusive-use storage and caretaker facilities. The agreements provide flexibility regarding on-site living arrangements, allowing the option to reside in a larger apartment within the complex and lease the manager’s unit if preferred (subject to agreement conditions).
This opportunity will appeal to buyers seeking:
A blue-chip inner-city location
Long remaining term
Stable income with upside
Flexible living arrangements
Further information, including financials and property details, is available upon enquiry.
Key Details (Summary):
💰 • Nett Profit: $256,848
💼• Business Price: $1,350,000
📈• ROI on Business 19.03%
🏠• The Home (Manager’s Unit) Price: $790,000
💰• Total Purchase Price: $2,140,000
⏳• Module: Accommodation – 24 years remaining
📞 Robert Collins | Ras360 | ---------- | ----------
📞 Joel McCartin | Ras360 | ---------- | ----------
Ras360 – Specialists in Management Rights | Motels | Hotels | Pubs | Parks
Business Summary
Business Snapshot
Price: $1.350M MR & $790k Unit = Total $2.140M
Net Profit: $256,848 Remuneration / Body Corp Salary: $165,804
Managers Unit
Value of Managers Apartment: $790,000Bedrooms: 1Bathrooms: 1Car Spaces: 1Complex Information
Complex Type: PermanentTotal Units in Complex: 93Total Units in Letting Pool: 29Owner Occupy Units: 57Outside Agent Units: 7Agreement Term: 25 yearsAgreement Term Remaining: 24 years
Key Investment Insights
1. Nett income $256,848, representing the business’ annual cash return.
2. Business price $1,350,000 for the management rights, total purchase price $2,140,000 including the manager’s unit.
3. Strong reported ROI of 19.03% on the management rights.
4. Accommodation Module with 24 years remaining, providing long-term tenure and security.
5. Additional upside from contracted extra gardening and maintenance work beyond the caretaking agreement.
6. Further earnings potential from on-site real estate sales, supported by a recent $1.420M sale in the complex.
7. Blue-chip Bulimba location, close to Oxford Street precinct, ferry services and Brisbane CBD, supporting stable rental demand.
8. Manager’s apartment valued at $790,000, recently refurbished one-bedroom plus study, with substantial exclusive-use storage and caretaker facilities.
9. Flexible on-site living arrangements, option to reside in a larger apartment in the complex and lease the manager’s unit subject to agreement conditions.
10. Straightforward to manage complex, appealing to buyers seeking a balance of income, tenure and lifestyle.
11. Complex scale and composition: 93 total units, 29 in the letting pool, 57 owner-occupied, 7 outside agent units.
12. Agreement term originally 25 years, 24 years remaining, energy rating 5, one car space for the manager’s unit.
Management Rights Multiplier: 2.76
ROI Estimate: 17.13%
