Nundah, Queensland

Brisbane's best run Management Rights complex with excellent returns | Resort Brokers ID : MR007287

$1,660,000

Property Description

Currently managed by an ARAMA Resident Manager of the Year (2019), this is an outstanding Management Rights business opportunity. Situated in the highly desirable inner north suburb of Nundah, this extremely well-established complex and business offers an excellent return on investment, boasting over 14 per cent, a premium three-bedroom manager's residence and no set office hours.

This opportunity has all the elements of a high-performing Management Rights business and given the high net profit of $240,992, the business presents a significant opportunity for an astute operator.



  • High Net profit of over $240k

  • Well-documented and transparent procedures

  • Currently run by one person plus a part-time cleaner

  • Extremely well-maintained and liveable complex

  • Renovated and well-presented manager’s residence

  • Fantastic Return on Investment over 14 per cent

  • Simple revenue model (Body Corporate salary + Letting income + auxiliary rent roll, built from scratch)

  • Conveniently situated within eight kilometres of Brisbane CBD and within walking distance to Nundah Village

  • Best run townhouse complex in Brisbane ARAMA Manager of the Year!

  • Property inspections are by appointment only

Date updated: 21 Jun 2022 23:00:03

Property Summary

Business Snapshot

Price: $1,660,000 Net Profit: $240,992 Remuneration / Body Corp Salary: $107,716

Managers Unit

Value of Managers Apartment: $560,000Bedrooms: 3Bathrooms: 2Office: On Title

Complex Information

Complex Type: PermanentTotal Units in Complex: 78Total Units in Letting Pool: 32Holiday Units: 32Owner Occupy Units: 35Outside Agent Units: 10Agreement Term Remaining: 25 years
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