Bulimba, Queensland

Blue Chip MR in Blue Chip Bulimba

Offers over $1.88M

Business Description

Blue-Chip Bulimba – Earn Over $262,000 in One of Brisbane's Most Coveted Riverside Suburbs

Imagine earning more than $262,000 per annum while living and working in one of Brisbane's most prestigious lifestyle destinations. With your office just steps from your front door, the daily commute becomes a thing of the past.
This is an outstanding opportunity to secure a premium Management Rights business in tightly held Bulimba, a blue-chip riverside suburb renowned for its exceptional lifestyle, strong property values and enduring buyer demand.
The business is underpinned by a secure Accommodation Module with approximately 23 years remaining, providing long-term income certainty and exceptional security for the incoming owner. Complementing the business is an impeccably maintained complex boasting a healthy sinking fund exceeding $750,000, ensuring the property continues to present to an outstanding standard for years to come.

The current adjusted nett profit of $262,276 is only part of the story. The business enjoys additional income streams through Body Corporate-approved gardening and maintenance works undertaken outside the caretaking agreement. There is also genuine potential to further increase earnings through real estate sales within the complex, with a recent apartment achieving $1.42 million—a testament to the strength of the Bulimba market and the commission opportunities available.

Operationally, the business is refreshingly straightforward. A highly supportive committee assists by providing allowances for specialist pool and hedge maintenance, helping reduce the day-to-day workload while maintaining the complex's exceptional presentation. They also pay for carparks to be cleaned professionally 4 times a year . And the BC supplied work buggy is a treat!

The manager's residence is a beautifully refurbished one-bedroom plus study apartment, complemented by extensive exclusive-use storage and caretaker facilities. Importantly, the agreements offer flexibility, allowing the successful purchaser to live in another apartment within the complex and lease the manager's residence, subject to the terms of the agreements.

Positioned just moments from the vibrant Oxford Street café and dining precinct, CityCat ferry services and Brisbane CBD, Bulimba continues to attract quality long-term residents and remains one of Brisbane's most desirable residential addresses.

This is the ideal opportunity for buyers seeking a premium business that perfectly balances income, lifestyle, security and future growth.

Key Features:
- Nett Profit: $262,276
- Business & Manager's Residence: Offers Over $1.88 Million
- Accommodation Module with approximately 23 years remaining
- Blue-chip inner-city Brisbane location

Strong additional income opportunities:
- Supportive Body Corporate and easy-to-manage complex
- Flexible on-site living arrangements
- Significant sinking fund in excess of $750,000

Further information, including financial statements and detailed due diligence material, is available upon enquiry.

**Ras360° – Specialists in Management Rights | Motels | Hotels | Pubs | Parks**

Business Summary