Kelvin Grove, Queensland
Management Rights Business in the Heart of Kelvin Grove
Management Rights $179,000
Business Description
Small and simple 'add-on' Management Rights business in the heart of Kelvin Grove, very close to Kelvin Grove Urban Village and QUT campus.
The property comprises 19 units, 7 of which are in the letting pool. There is virtually no gardening involved as the common areas are mostly tiled and concreted, hence simple to look after.
The current manager has held this business since the complex was built and there are 19 years remaining on the Agreements. You could add this on to your existing portfolio or, if you're a beginner, start with this one and work from home.
TOTAL NUMBER OF UNITS: 19
UNITS IN LETTING POOL: 7
NET PROFIT: $37,082
MANAGERS RESIDENCE: Not applicable
REAL ESTATE PRICE: Not applicable
Business Summary
Complex Information
Other Features / Notes
A:MANAGEMENT RIGHTS, B:MANAGEMENT RIGHTS, C:QLD - Gold Coast/BrisbaneKey Investment Insights
1. Prime inner-city location, minutes from Kelvin Grove Urban Village and QUT campus, supporting stable tenant demand.
2. Small, simple management rights business, positioned as an add-on to an existing portfolio or a starter business for a beginner.
3. Total of 19 units, with 7 units currently in the letting pool, approximately 37 percent of stock generating rental management income.
4. Nett profit reported at $37,082, providing a clear baseline for cashflow.
5. Long-term income security, with 19 years remaining on the management agreements.
6. Current manager has operated the business since the complex was built, indicating established relationships and operational continuity.
7. Minimal gardening and common-area maintenance required, as areas are mostly tiled and concreted, reducing onsite maintenance costs and time.
8. No managers residence provided, so management can be conducted from home or offsite rather than requiring onsite accommodation.
9. Real estate price not applicable, confirming the sale is for management rights only rather than property ownership.
10. Located in Queensland metropolitan market, consistent with Brisbane/Gold Coast management rights category and demand dynamics.
