Fortitude Valley, Queensland
$407,370 High Net Income in Brisbane's Centre - ID 8553
$2,538,000
Business Description
Mixed Management Rights for Sale
Easy Duties with Great Upside Potential
- High net income of $406,370 in the heart of Fortitude Valley, one of Brisbane's most sought-after locations.
- Mixed rental building with a letting pool of 40 units (31 holiday and 9 permanent), plus 32 managed by outside agents or self-managed, offering significant income upside potential.
- Consistent year-round holiday bookings with a smooth operation in place and simple tasks. Minimal garden and green area maintenance required.
- All units are one-bedroom or studio apartments, ensuring stability in the holiday rental roll.
- Body corporate salary of $125,962 plus GST, with annual CPI increases.
- Long 25-year agreement with 23 years remaining.
- Renovated 1-bedroom, 1-bathroom manager’s apartment included.
- Professional office and ample storage spaces attached.
- Prime location in Brisbane’s central area, with shops, transport, and amenities just steps away.
- Asking price is $2,538,000, including the manager’s unit.
If you're looking for a stable, high-income business in the heart of Brisbane, this opportunity is one you can’t afford to miss. Enjoy the convenience of city living while earning over $400K in net income annually.
Net Profit: $406,307
Asking Price: $2,538,000
(Inclusive of manager's real estate)
For further information or to arrange an inspection of this Brisbane Management Right business for sale contact:
Management Rights Broker
Bill He
Property Code: 942
Business Summary
Business Snapshot
Price: $2,538,000
Net Profit: $406,307 Remuneration / Body Corp Salary: $125,962
Managers Unit
Value of Managers Apartment: $470,000Bedrooms: 1Bathrooms: 1Office: On TitleRenovated 1-bedroom, 1-bathroom manager’s apartment with professional office and ample storage attached.
Complex Information
Complex Type: MixedAgreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 23 yearsSpa: YesSauna: YesGym: YesBBQ Area: Yes
Key Investment Insights
- Located in the heart of Fortitude Valley, one of Brisbane's most sought-after locations.
- Mixed rental building with a letting pool of 40 units (31 holiday and 9 permanent), plus 32 managed by outside agents or self-managed.
- Consistent year-round holiday bookings with a smooth operation in place and simple tasks.
- Minimal garden and green area maintenance required.
- All units are one-bedroom or studio apartments, ensuring stability in the holiday rental roll.
- Body corporate salary of $125,962 plus GST, with annual CPI increases.
- Long 25-year agreement with 23 years remaining.
- Renovated 1-bedroom, 1-bathroom manager’s apartment included.
- Professional office and ample storage spaces attached.
- Prime location in Brisbane’s central area, with shops, transport, and amenities just steps away.
Management Rights Multiplier: 5.09
ROI Estimate: 19.65%
