Mitchelton, Queensland
Business Only Townhouse Complex - $230K Net Profit at Attractive 5.1x multiplier | Resort Brokers ID : MRB009216
$1,173,000
Business Description
ResortBrokers proudly presents a compelling business-only management rights opportunity, now available at an attractive 5.1x multiplier. Situated in the high-growth suburb of Mitchelton, the complex comprises 45 contemporary three- and four-bedroom townhouses, with 42 currently in the on-site letting pool, delivering a net profit exceeding $230,000.
A key strength of the business is the stable ownership profile, with more than 80% of lots held by long-term superannuation fund investors. This has contributed to low resident turnover and strong rental demand within this tightly held inner north-west Brisbane location. Underpinned by 23-years remaining on accommodation module agreements.
Caretaking duties are efficient and manageable, with no pool, barbecue areas or shared recreational facilities to maintain. This low-maintenance operation delivers outstanding flexibility, with no fixed office hours and no requirement to reside onsite.
Ideally suited to an experienced operator seeking portfolio growth or a first-time buyer entering the management rights industry, this is a rare opportunity to acquire a highly profitable, business-only management rights business in one of Brisbane’s thriving growth corridors. Offering strong returns, operational simplicity, and strong rental uplift, this opportunity is not to be missed.
- Business-only - Net profit exceeding $230,000 per annum
- No office hours, no real estate to purchase and no requirement to live onsite
- Strong letting of 42 units from a total of 45, with 80% held by long-term fund investors
- Body corporate salary of $58,913 per annum indexed to CPI
- 23-year remaining on agreements providing long term security
- Manageable caretaking duties with no pools,BBQs or recrational facilities to manage
- Low-maintance gardens designed for operations efficiency
- Rents increasing $50-$75 p/w - providingimmediate upside
- Located in rapidly growing Mitchelton, 9.6 kilometres from Brisbane CBD with a direct 15-minute train commute
- Inspections are by appointment only
Date updated: 20 Sep 2026 23:00:11
Business Summary
Business Snapshot
Price: $1,173,000
Net Profit: $230,856 Remuneration / Body Corp Salary: $58,913
Complex Information
Complex Type: PermanentTotal Units in Complex: 45Total Units in Letting Pool: 42Owner Occupy Units: 3Agreement Term Remaining: 23 years
