Newstead, Queensland
Brisbane CBD Triple Tower Trio - Premium Management Rights Brisbane
SOLD
Business Description
Hotel Resort Sales exclusively offers a standout portfolio of three premier residential management rights buildings, all located in the heart of Brisbane. A HUGE net profit of over 1.9 million which includes a healthy annual body corporate salary of over $865k. With 290 permanent lets and healthy years remaining on all agreements. Take the opportunity to secure this triple tower package which is proven and profitable.
Location & Consistency
- Three high-rise towers situated side-by-side in a sought-after CBD location
- Modern unit configurations and furnishings across all buildings
- Minimal Gardens
- Shared Pool between three towers
Strong Income Stream
- Combined caretaking salary of over $865k annually
- Guaranteed annual increases of CPI
- Huge Net profit of over $1.9 million
Manager-Friendly Agreements
- No requirement to live onsite
- No specified office hours
- Office and storage areas on exclusive use
- No manager’s unit purchase required
- Over 20+ years on all agreements
As all three buildings are interconnected this portfolio can be run from one existing office building.
Opportunities of this calibre are extremely rare, contact Craig today.
Price on Application
Property Code: 99
Business Summary
Key Investment Insights
1. Triple-tower CBD portfolio, three high-rise buildings situated side-by-side in central Brisbane, strong location appeal for residents and investors.
2. Reported net profit in excess of $1.9 million, indicating substantial cashflow potential.
3. Combined caretaking/body corporate salary exceeds $865,000 per annum, representing a significant recurring income stream.
4. 290 permanent lets across the three buildings, providing stable rental revenue and management workload.
5. Management agreements have over 20 years remaining, supplying long-term contractual security.
6. Guaranteed annual CPI increases in fees, offering built-in income escalation and inflation protection.
7. Manager-friendly terms, including no requirement to live onsite, no specified office hours, and no manager’s unit purchase required, improving operator flexibility.
8. Office and storage areas on exclusive use, and all three buildings are interconnected, enabling operations to be run from a single existing office.
9. Modern unit configurations and furnishings across all buildings, likely reducing immediate capital expenditure for upgrades.
10. Shared pool and minimal gardens, implying lower landscape maintenance burden and consolidated resident amenities.
