Bulimba, Queensland

High Net Management Rights in Blue-Chip Bulimba

$1.350M MR & $790k Unit = Total $2.140M

Business Description

Ras360 exclusively present this Magnificent Management Rights Opportunity in Beautiful Bulimba

An opportunity to acquire a well-established Management Rights business in one of Brisbane’s most tightly held inner-city suburbs.

Located in Bulimba, this business benefits from a strong residential profile, consistent rental demand, and proximity to lifestyle amenities including Oxford Street, ferry services, and the Brisbane CBD. The suburb is well regarded for its liveability and continues to attract stable, long-term residents.

The business delivers a strong nett income supported by an Accommodation Module with 24 years remaining, providing long-term security for the incoming operator. The complex is considered easy to manage and is suited to buyers seeking a balanced combination of income, lifestyle, and tenure.

The manager’s accommodation comprises a large one-bedroom plus study, recently refurbished, supported by substantial exclusive-use storage and caretaker facilities that materially assist day-to-day operations. The agreements allow flexibility around on-site accommodation, providing options for buyers who may prefer to live in a larger apartment within the complex and rent out the managers unit

This opportunity will appeal to buyers seeking:
A blue-chip inner-city location
Long remaining term
Stable income with upside
Flexible living arrangements
A business that integrates lifestyle and home ownership

Further information, including financials and property details, is available upon enquiry.

Key Details (Summary):
• Nett Profit: $256,848
• Business Price: $1,350,000
• Manager’s Unit Price: $790,000
• Total Purchase Price: $2,140,000
• Module: Accommodation – 24 years remaining

📞 Robert Collins | 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: 1

Complex 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
Marketing Agent
Robert Collins
Robert Collins

Joel McCartin
Joel McCartin

Key Investment Insights

1. Located in blue-chip inner-city Bulimba, close to Oxford Street, ferry services and the Brisbane CBD, supporting lifestyle appeal and tenant demand.
2. Business delivers strong nett profit of $256,848, indicating solid cashflow for an incoming operator.
3. Total purchase price $2,140,000, comprising Management Rights $1,350,000 and manager’s unit $790,000, enabling transparent capital outlay assessment.
4. Accommodation Module with 24 years remaining, providing long-term contractual security and income continuity.
5. Agreement originally 25 years, with 24 years remaining, reinforcing tenure stability.
6. Manager’s accommodation is a large 1 bedroom plus study, recently refurbished, enhancing liveability and rental value.
7. Substantial exclusive-use storage and caretaker facilities materially assist day-to-day operations and reduce outsourcing needs.
8. Complex described as easy to manage, suited to buyers seeking balanced income, lifestyle and tenure.
9. Complex scale: 93 total units, with 29 units in the letting pool, 57 owner-occupied units, and 7 outside-agent units, indicating a predominantly owner-occupied community and potential letting pool stability.
10. Remuneration/body corporate salary reported at $165,804, contributing to overall operator earnings.
11. Flexible on-site accommodation provisions allow the manager to live in a larger apartment within the complex and lease the manager’s unit, offering income or lifestyle options.
12. Stable residential profile and consistent rental demand in a well-regarded, liveable suburb, supporting long-term resident retention.

Management Rights Multiplier: 2.76
ROI Estimate: 36.23%

Listing location
Gallery

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