New Farm, Queensland
The Simplest Business Opportunity in New Farm - ID 9229
$538,000
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
Net Profit: $96,601
Asking Price: $538,000
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, buyer not obliged to purchase real estate.
2. No office required and no set office hours, allowing flexible operation.
3. Extremely low caretaking workload, no swimming pool or BBQ to maintain and almost no gardens.
4. Long-term security under a 25-year agreement with 22 years remaining.
5. Stable, high-percentage Body Corporate salary of $71,383 plus GST, with annual CPI increases.
6. Net profit reported at $96,601.
7. Asking price $538,000, enabling direct comparison of valuation to earnings.
8. Highly sought-after prestige location in New Farm, inner-city Brisbane, close to amenities.
9. High demand for permanent rentals, with a very small letting pool of seven units.
10. Four additional units are managed by outside agents, suggesting limited internal supply and potential for growth.
11. Supportive committee and friendly community, indicating smoother stakeholder relations.
