Nudgee, Queensland

Two High Net Northside Complexes sold together

$2.7M MR & $970k Unit = Total $3.67M

Business Description

A rare opportunity presents itself with the sale of two adjoining townhouse complexes on Brisbane’s Northside, offered together as one package. This well-structured business is underpinned by a Profit & Loss prepared by Holmans, giving buyers confidence in its strong financial performance.

Both complexes benefit from long-term security, with 25-year agreements recently topped up to a full term of 21.5 and 24.5 years remaining. The Body Corporate is very supportive and friendly, ensuring smooth day-to-day operations and peace of mind for the incoming manager.

The offering includes a spacious manager’s townhouse residence, providing excellent lifestyle flexibility. Buyers have the option to live onsite and enjoy the community atmosphere or rent the unit out as an investment. The office is adjoining yet entirely physically separate to the residence, offering privacy and functionality.

Operationally, the complexes are highly efficient and can be run by one person if required, making them ideal for both first-time managers and experienced operators seeking a manageable yet rewarding business. The properties have also been independently valued by realestate.com.au, adding further weight to their market appeal.

This is a standout chance to acquire two established complexes in a sought-after Northside location, with strong agreements, excellent financials, and lifestyle versatility.

**Ras360 – Specialists in Management Rights | Motels | Hotels | Pubs | Parks**

Business Summary

Business Snapshot

Price: $2.7M MR & $970k Unit = Total $3.67M Net Profit: $453,156 Remuneration / Body Corp Salary: $204,002

Managers Unit

Value of Managers Apartment: $970,000Bedrooms: 3Bathrooms: 2Car Spaces: 2

Complex Information

Complex Type: PermanentTotal Units in Complex: 136Total Units in Letting Pool: 80Owner Occupy Units: 56Outside Agent Units: 2Agreement Term: 25 yearsAgreement Term Remaining: 24 years

Marketing Agent

Robert Collins

0404 67....

Ras360

Key Investment Insights

1. Package comprises two adjoining Northside Brisbane townhouse complexes sold together, creating scale and operational synergies.
2. Purchase price $3.67M, structured as $2.7M management rights and $970,000 managers apartment.
3. Strong profitability, with Net Profit $453,156 and manager remuneration/Body Corporate salary $204,002.
4. P&L prepared by Holmans, providing independently compiled financials for buyer confidence.
5. Long-term security via 25-year agreements; remaining terms quoted as approximately 21.5 and 24.5 years, and noted as 24 years in summary.
6. Large asset base, 136 total units with 80 in the letting pool, 56 owner-occupied units, and 2 outside agent units.
7. Supportive, friendly Body Corporate, reported to facilitate smooth day-to-day operations.
8. Manager’s townhouse included, valued at $970,000, offering 3 bedrooms, 2 bathrooms and 2 car spaces, enabling onsite living or rental income.
9. Office is adjoining but physically separate from the residence, preserving privacy while maintaining functionality.
10. Operations are highly efficient and capable of being run by one person, suitable for first-time managers or experienced operators seeking low-staff overheads.
11. Independent valuation by realestate.com.au enhances market appeal and transaction transparency.

Management Rights Multiplier: 5.96
ROI Estimate: 16.78%