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: $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, with no need to purchase real estate, enabling absentee ownership and lower personal capital outlay.
2. No office required and no set office hours, offering flexible, low‑time management responsibilities.
3. Extremely simple caretaking duties, with almost no gardens to maintain, no swimming pool to maintain and no BBQ area to clean, reducing operational costs and labour.
4. Long term contract security, 25‑year agreement with 22 years remaining, providing predictable tenure and income continuity.
5. Stable, high percentage Body Corporate salary of $71,383 plus GST, with annual CPI increases, delivering indexed recurring income.
6. Net profit reported at $96,601, indicating solid cash flow relative to operational simplicity.
7. Asking price $538,000, allowing direct comparison to net profit for return analysis.
8. Highly sought after prestige location in Brisbane inner city New Farm, close to amenities, supporting demand and resale value.
9. High demand for permanent rentals, with a tiny letting pool of only 7 units and an additional 4 units managed by outside agents, suggesting opportunities to increase letting income or convert management of externally managed units.
10. Supportive committee and friendly community, reducing operational friction and likely easing governance and tenant relations.
