Kelvin Grove, Queensland

Prime CBD Fringe Business-Only MR Great Returns, Strong Net & Modern Facilities | Resort Brokers ID : MRB008648

$1,355,609

Business Description

ResortBrokers is delighted to present to market a strong performing permanent management rights business in CBD fringe, just a short distance from the future main site of the 2032 Brisbane Olympics. This permanent residential complex is offered as a business-only, with a strong net profit of $260,694, and body corporate salary making up nearly 60% of income. With no requirement to live onsite or purchase real estate, its a truly flexible opportunity for operators.

This complex benefits from high rental demand and includes amenities like a pool, gym, and barbecue area, adding to the appeal for tenants. Efficient systems and low-maintenance gardens simplify operations, making it a compelling choice for experienced operators seeking growth potential. Tenant demand for Kelvin Grove is set to increase now the Queensland Government has settled on Victoria Park as the centre stage for the Olympics. Being immediately west of the future Olympic stadium, Kelvin Grove will be a major beneficiary and in high demand.

- Generating a significant net profit of $260,694
- Body corporate salary constitutes nearly 60% of total income
- No obligation to reside onsite or purchase real estate
- Onsite office available with no office hours stipulated
- Significant opportunity to enhance business value
- Efficient systems and low-maintenance gardens simplify operations
- Consistently high rental demand
- Amentities include a pool, gym and barbecue area on one level
- Inspections by appointment only
Date updated: 20 Apr 2025 23:00:06