East Brisbane, Queensland

NEW FARM & KANGAROO POINT BUSINESS-ONLY MLR WITH $280K NET | Resort Brokers ID : MRB007240

$1,680,000

Property Description

A sensational opportunity to secure an easy to operate trio of business-only management rights, located in the heart of Brisbane's inner-city circle.



  • Three business-only complexes - built between 2018 and 2021

  • No real estate to buy or requirement to live on site in any building

  • No set office hours stated in any of the agreements

  • Generous Body Corporate salary of $160,000 per annum + GST - CPI increase annually

  • 107 total units across the three buildings

  • 51 units in the letting pool + 2 off-site rentals (in close proximity)

  • All three businesses are located 4 to 8 mins apart

  • Situated in prime inner-city suburbs of East Brisbane, Kangaroo Point and New Farm

  • Two complexes are based on Accommodation Module 25 year agreements

  • One complex is caretaking only based on 10 year standard module

  • One office space (under Occupational Authority) located in East Brisbane complex

  • All complexes have storage rooms or cages for cleaning, chemicals and equipment

  • On-site facilities include rooftop pool, gym and BBQ

  • Perfect as an add-on for experienced managers



Date updated: 19 Jun 2022 23:00:13

Property Summary

Business Snapshot

Price: $1,680,000 Net Profit: $280,000 Remuneration / Body Corp Salary: $160,419

Managers Unit

Complex Information

Complex Type: PermanentTotal Units in Complex: 107Total Units in Letting Pool: 51Holiday Units: 51Owner Occupy Units: 53Outside Agent Units: 1Agreement Term Remaining: 21 years
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