New Farm, Queensland
Business-Only Management Rights in New Farm – Boutique Complex, Flexible Lifestyle & Strong ROI
SOLD
Business Description
Business-Only Management Rights in New Farm – Boutique Complex, Flexible Lifestyle & Strong ROI
Discover this rare opportunity to secure a business-only management rights in the heart of sought-after New Farm. This boutique complex delivers the perfect balance of income, flexibility and growth potential, all with no requirement to live onsite or maintain office hours.
• Net Operating Profit: $62,771
• Body Corporate Salary: $58,151
• Sale Price: $302,500 (5.2x multiplier), Attractive 20.75% ROI
• 22 years remaining on Accommodation Module agreements
• Supported by proactive committees and recently topped-up agreements ensuring long-term peace of mind.
Situated in vibrant New Farm, this boutique complex features luxury amenities including a rooftop lounge and infinity pool. Stylishly designed and well-maintained, it appeals to quality tenants and enhances the ease of day-to-day management. Includes 3 letting appointments, offering a small-scale letting component with upside for hands-on managers looking to grow income. Alternatively, enjoy low-key caretaking with a steady body corporate salary in one of Brisbane’s most desirable suburbs.
This business-only opportunity offers no office hours, no requirement to live onsite, and complete operational flexibility. Perfect for operators seeking an easily managed, high-appeal business in a premium location. Contact us today to learn more and arrange a confidential inspection.
**Ras360 – Specialists in Management Rights | Motels | Hotels | Pubs | Parks**
Business Summary
Business Snapshot
Price: SOLD
Net Profit: $62,771 Remuneration / Body Corp Salary: $58,151
Complex Information
Complex Type: PermanentTotal Units in Complex: 26Total Units in Letting Pool: 3Owner Occupy Units: 23Agreement Term: 25 yearsAgreement Term Remaining: 22 years
Key Investment Insights
1. Business-only management rights, no requirement to live onsite and no office hours, offering complete operational flexibility.
2. Net operating profit $62,771, with body corporate salary/remuneration $58,151, indicating stable recurring cashflow.
3. Listed sale price $302,500, shown at a 5.2x multiplier and an attractive 20.75% ROI; listing also records the price status as SOLD.
4. Long security of income with 25-year agreement term and 22 years remaining on the accommodation module agreements.
5. Supported by proactive committees and recently topped-up agreements, reducing governance and contract risk.
6. Boutique 26-unit complex with 23 owner-occupy units, implying low turnover and owner stability.
7. Small letting pool of 3 letting appointments, suitable for low-maintenance caretaking or upside growth for hands-on managers.
8. Luxury amenities including rooftop lounge and infinity pool, increasing tenant appeal and premium positioning in the market.
9. Located in sought-after New Farm, a desirable Brisbane suburb that supports strong rental demand and asset desirability.
10. Stylishly designed and well-maintained property, enhancing ease of day-to-day management and tenant satisfaction.
