Lutwyche, Queensland

Business-Only Management rights with NO Common Facilities! $356k net profit! | Resort Brokers ID : MRB008638

Under Contract / Offer

Business Description

ResortBrokers presents an excellent business opportunity in the suburb of Wooloowin, in Brisbane’s vibrant inner north - just four minutes drive from Brisbane City. This management rights business encompasses three modern apartment buildings within less than 5 minutes walking distance, or one minute drive! With minimal caretaking requirements this opportunity represents an attractive proposition for any experienced MLR operator seeking a low-maintenance business with lucrative returns.

The MLR portfolio has a genuine business-only structure, which is designed to be extremely manager-friendly. For example, the manager is not required to live on-site nor adhere to any set office hours or purchase real estate, allowing the incoming operator the freedom and flexibility to structure the operations of the business to suit their circumstances over time.

The business is underpinned by strong 21-year agreements supported by multiple successful top ups during the tenure of the current manager, ensuring long-term security and stability. There are NO common facilities to maintain in any of the three buildings, further reducing maintenance responsibilities, allowing the operator to focus on building relationships and maximising the letting pool.

Call us today to book an inspection!

- Significant NOP $356,705 including body corporate salary $177,902
- No real estate to purchase and no requirement to live onsite
- No set office hours
- No common facilities to maintain
- Long agreement terms - 21 years across all buildings
- High return on investment and stability
- Highly desirable city fringe location with excellent rental demand
- Inspections by appointment only
Date updated: 22 Apr 2025 23:00:02