Chermside, Queensland
Business-Only MLR in Chermside – Flexible Role, High Returns, Minimal Maintenance
$948k Business Only - No Office Hours!!
Business Description
High Returns, High Returns, Low Maintenance – Business-Only MLR in Prime Chermside
This is your chance to secure a high-performing, business-only management rights in one of Chermside’s best-located apartment complexes. With no requirement to live onsite, no office hours, and 21 years remaining on accommodation module agreements, this opportunity delivers both flexibility and solid returns.
• Body Corporate Salary: $69,672.36
• Net Operating Profit: $165,297
• Business Price: $948,800 (5.7x multiplier) – ROI: 17.4%
• Agreement Term Remaining: 21 years (Accommodation Module)
• Annual 3% Increase
Operational Simplicity & Location Appeal
Set high on one of Chermside’s most elevated streets, the complex enjoys strong and consistent rental demand thanks to its proximity to Westfield Chermside, The Prince Charles and St Vincent’s Hospitals, and excellent public transport. With virtually no common areas, no pool, and minimal gardens, caretaking duties are exceptionally low-maintenance and easy to manage. The business is ideal for operators seeking a streamlined, flexible model without residential requirements or set office hours.
Whether you're looking to expand your existing portfolio or step into the management rights industry with a strong first acquisition, this one ticks all the right boxes.
Enquire today – quality, business-only opportunities in premium Brisbane locations are tightly held and highly sought after.
Ras360 – Specialists in Management Rights | Motels | Hotels | Pubs | Parks
Business Summary
Business Snapshot
Price: $948k Business Only - No Office Hours!!
Net Profit: $165,297 Remuneration / Body Corp Salary: $69,672
Complex Information
Complex Type: PermanentTotal Units in Complex: 60Total Units in Letting Pool: 36Agreement Term: 25 yearsAgreement Term Remaining: 21 years
Key Investment Insights
1. High returns with a net operating profit of $165,297 and a business price of $948,800 (5.7x multiplier) resulting in a ROI of 17.4%.
2. Flexibility with no requirement to live onsite and no set office hours.
3. Low maintenance duties with virtually no common areas, no pool, and minimal gardens.
4. Prime location in Chermside with strong rental demand due to its proximity to Westfield Chermside, hospitals, and public transport.
5. Operational simplicity with a streamlined, business-only model.
6. Ideal for both experienced management rights operators looking to expand their portfolio and first-time buyers.
7. Business-only opportunity, meaning no residential requirements.
8. Long agreement term remaining with 21 years on the accommodation module.
9. Annual 3% increase in remuneration/body corporate salary.
10. Tightly held and highly sought after location, making this a rare opportunity.
