Chermside, Queensland

Chermside Business-Only MLRs | No Real Estate, 25-Year Agreements | Resort Brokers ID : MR009279

$1,577,623

Business Description

First time on the market! These two modern apartment buildings, located within only a 2-minute walk from each other, deliver a combined net profit of $260,409 from two genuine business-only management rights operations in Chermside.

Located just 10 km from the Brisbane CBD, these 125-apartment complexes offer exceptional operational flexibility, with no manager's unit to purchase, no requirement to live on-site, and no set office hours.

Both complexes offer full agreement terms with 25 years remaining, with very supportive body corporate committees. Caretaking responsibilities are deliberately light, limited to common area cleaning and minor garden maintenance. Dedicated air-conditioned offices at both complexes operate under occupational authority for the manager to use exclusively, providing professional workspaces without the capital commitment of real estate ownership.

Whether acquired as a bolt-on addition to an existing portfolio or as a low-maintenance entry point to the industry, these business-only assets offer outstanding flexibility and broad market appeal.

- Two genuine business-only management rights businesses.
- No associated real estate purchase and no requirement to reside on-site.
- Flexible management model with no fixed office hours, ideal as a bolt-on addition to an existing portfolio.
- Prime Chermside location just 10 km from the Brisbane CBD, benefiting from strong and consistent tenant demand.
- Long-term 25-year agreements with excellent supportive body corporate relationships.
- Minimal caretaking responsibilities focused on common area cleaning and minor garden maintenance.
- Dedicated air-conditioned offices at both complexes for the manager to use exclusively.
- Inspection by appointment only.
Date updated: 01 Sep 2026 01:00:07

Business Summary