New Farm, Queensland
The Simplest Business Opportunity in New Farm - ID 9229
$558,000
Business Description
Permanent Management Rights for Sale
High Percentage Body Corporate Salary
- No requirement to live onsite (with no need to purchase real estate).
- No office required and no set office hours.
- No swimming pool to maintain and no BBQ area to clean.
- Almost no gardens to maintain, resulting in extremely simple caretaking duties with minimal working hours.
- Long-term security with a 25-year agreement (22 years remaining).
- Stable, high-percentage Body Corporate salary of $71,383 plus GST, with annual CPI increases.
- Highly sought-after prestige location in the Brisbane inner-city, close to everything.
- High-demand permanent rentals, with a tiny letting pool of only 7 units (and outside agents managing an additional 4 units).
- Supportive committee and a friendly community.
Net Profit: $96,601
Asking Price: $558,000
For further information or to arrange an inspection of this Brisbane Management Rights opportunity contact:
Management Rights Broker
Bill He
Property Code: 1156
Business Summary
Key Investment Insights
1. No requirement to live onsite and no need to purchase real estate, reducing capital outlay and personal commitment.
2. No office required and no set office hours, lowering overheads and allowing flexible operation.
3. Extremely low maintenance workload, with no swimming pool, no BBQ area and almost no gardens, implying minimal caretaking hours.
4. Long-term security via a 25-year management agreement with 22 years remaining.
5. Stable, high-percentage Body Corporate salary of $71,383 plus GST, with annual CPI increases, providing predictable recurring income.
6. Net profit reported at $96,601, indicating healthy profitability.
7. Asking price $558,000, implying an approximate net profit yield of 17.3% on asking price.
8. Highly sought-after prestige location in New Farm, inner-city Brisbane, close to amenities, supporting rental demand and resale appeal.
9. High-demand permanent rental market with a very small letting pool of seven units, plus four units handled by outside agents, suggesting limited internal competition for lettings.
10. Supportive committee and friendly community, reducing operational friction and potential disputes.
11. Almost no gardens to maintain and minimal working hours for caretaking, enabling an owner-operator model or part-time management.
