Fortitude Valley, Queensland

Unique Management Rights Opportunity in Fortitude Valley

SOLD

Business Description

A rare find in one of Brisbane’s most desirable precincts.

This well-maintained complex offers a truly flexible management rights business — with no requirement to live onsite, no office hours, and minimal workload. Perfect as an add-on (tack-on) business or an easy-to-manage standalone income stream .Pool managed by outside contractor paid for by BC

✅ No manager’s unit to purchase – just an office on title for $190,000, which provides your Body Corporate voting rights.
✅ Prime location in the heart of the Fortitude Valley precinct – walk to restaurants, shops, and transport.
✅ Quality building with excellent presentation and strong appeal to tenants and owners.

A simple, affordable entry point into the management rights industry — or the ideal bolt-on for an experienced operator looking to grow their portfolio without the overheads.

Enquire today to secure this low-maintenance, high-lifestyle opportunity.

Business Summary

Business Snapshot

Price: SOLD Net Profit: $134,449 Remuneration / Body Corp Salary: $85,937

Managers Unit

Value of Managers Apartment: $190,000

Complex Information

Complex Type: PermanentTotal Units in Complex: 53Total Units in Letting Pool: 15Owner Occupy Units: 18Outside Agent Units: 16Lockup Units: 1Agreement Term: 25 yearsAgreement Term Remaining: 20 years

Marketing Agent

Robert Collins

0404 67....

Ras360

Key Investment Insights

AI generated. Confirm details with the seller.

1. Net profit of $134,449, indicating established positive earnings.
2. Remuneration or Body Corporate salary of $85,937 reported separately from net profit.
3. Business marked as SOLD, so current listing is no longer available.
4. Manager’s unit not required to be purchased, only an office on title valued at $190,000 required for Body Corporate voting rights.
5. No requirement to live onsite, no office hours, and a minimal workload, suited to absentee ownership or part-time management.
6. Pool management outsourced to an external contractor, with costs covered by the Body Corporate, reducing operator responsibility and costs.
7. Prime Fortitude Valley location, within walking distance of restaurants, shops, and transport, enhancing tenant and owner appeal.
8. Quality, well presented building with strong appeal to tenants and owners, supporting occupancy and reputation.
9. Complex comprises 53 total units, providing scale while remaining manageable.
10. Letting pool of 15 units, 18 owner occupied units, 16 managed by outside agents, and 1 lockup unit, indicating a mixed income and management structure.
11. Agreement term originally 25 years with 20 years remaining, offering long-term contractual security for the operator.
12. Positioned as a simple, affordable entry point into management rights or an ideal bolt-on for experienced operators seeking portfolio growth with low overheads.

Management Rights Multiplier: 4.80
ROI Estimate: 16.10%