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.
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
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
📈• 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 profit of $256,848, with reported remuneration/body corporate salary of $165,804, indicating a strong cashflow profile.
2. Accommodation module with 24 years remaining, providing long-term contractual security and stability.
3. Business price $1,350,000, manager’s unit valued at $790,000, total purchase price $2,140,000, with an indicated ROI of 19.03%.
4. Multiple additional income streams and upside, including contracted gardening and maintenance work outside the caretaking agreement, and potential sales commissions.
5. Recent on-site real estate sale of $1.420M demonstrates a strong local sales market and commission earning potential.
6. Manager’s accommodation recently refurbished, one bedroom plus study, one bathroom, one car space, substantial exclusive-use storage and caretaker facilities.
7. Flexible on-site living arrangements, buyer may reside in a larger apartment within the complex and lease the manager’s unit subject to agreement conditions.
8. Complex scale of 93 units, with 29 in the letting pool, 57 owner-occupied and 7 outside agent units, suggesting a stable owner demographic and manageable letting exposure.
9. Agreement originally 25 years with 24 years remaining, implying near-full term tenure for incoming operator.
10. Prime Bulimba location, close to Oxford Street precinct, ferry services and Brisbane CBD, supporting consistent rental demand and long-term residents.
11. Described as straightforward to manage, appealing to buyers seeking a blend of income, tenure and lifestyle.
Management Rights Multiplier: 2.76
ROI Estimate: 36.23%
