2 / 112-114 Osborne Road, Mitchelton, Queensland

Modern MLR Gem in Mitchelton – Strong Returns, No Office Hours!

$485k MR + $510 Unit = $995k

Business Description

Modern MLR Gem in Mitchelton – Strong Returns, No Office Hours!

A superb opportunity to secure a modern, easily managed business in Brisbane’s sought-after northside. This tightly held management rights business combines a quality lifestyle with strong income and long agreement tenure – all just 9km from the CBD.
• Nett Profit: $94,900
• Business Price: $485,000 @ 5.1x
• Total Price: $995,000 - ROI: 9.5%
• Agreement: 20 years remaining – Accommodation Module
• Manager’s Unit: Stylish 2 bed, 1 bath with quality finishes
• Office: No set hours – located on exclusive use title
• Letting Pool: 9 units under management with potential to grow

Located within walking distance to public transport, Brookside Shopping Centre, parks, and cafés, the complex enjoys strong rental demand from tenants seeking convenience and lifestyle. The area is popular with families and professionals, offering excellent schools, leafy surrounds, and easy access to the city.

This business is ideally suited to both newcomers entering the industry and experienced operators looking for a well-rounded, low-maintenance addition to their portfolio. With a solid letting pool already in place and potential to increase units under management, the upside is clear.

Tightly held and priced to sell. Enquire now to secure this rare opportunity in one of Brisbane’s most tightly held suburbs.

Ras360 – Specialists in Management Rights | Motels | Hotels | Pubs | Parks

Business Summary

Business Snapshot

Price: $485k MR + $510 Unit = $995k Net Profit: $96,099 Remuneration / Body Corp Salary: $80,381

Managers Unit

Value of Managers Apartment: $510,000Bedrooms: 2Bathrooms: 1Car Spaces: 1

Complex Information

Complex Type: PermanentTotal Units in Complex: 61Total Units in Letting Pool: 9Owner Occupy Units: 40Outside Agent Units: 12Lockup Units: 2Agreement Term: 25 yearsAgreement Term Remaining: 20 years

Marketing Agent

Malcolm O'Farrell

0423 09....

Ras360

Key Investment Insights

1. Strong returns with a Nett Profit of $94,900 and a ROI of 9.5%.
2. Modern and easily managed business located in Brisbane's sought-after northside.
3. Long agreement tenure of 20 years remaining.
4. Manager's unit is a stylish 2 bed, 1 bath with quality finishes.
5. No set office hours as the office is located on exclusive use title.
6. Potential to grow the letting pool, with 9 units currently under management.
7. Located within walking distance to public transport, shopping centers, parks, and cafes.
8. Popular area for families and professionals, offering excellent schools and easy access to the city.
9. Suited for both newcomers and experienced operators in the industry.
10. Tightly held and priced to sell.
11. Rare opportunity in one of Brisbane's most tightly held suburbs.
12. Specialists in Management Rights, Motels, Hotels, Pubs, and Parks.

Management Rights Multiplier: 5.05
ROI Estimate: 19.81%