Nundah, Queensland

INCREDIBLE VALUE! $413K+ NOP BUSINESS-ONLY PORTFOLIO IN HIGH-DEMAND INNER-NORTH | Resort Brokers ID : MRB009196

$2,463,276

Business Description

Offered at a highly attractive 5.95x multiplier, this business-only management rights portfolio of three neighbouring complexes in Brisbane’s booming inner north, delivers scale, flexibility and profitability.

With a net profit of more than $413,000, underpinned by a body corporate salary representing 67% of net income, this established business is well suited to experienced operators seeking an add-on or first-timers looking to enter management rights.

Significant upside remains, with just 45 of the portfolio’s 183 total apartments currently in the onsite letting pool. A further 31 units are externally managed, providing a clear opportunity for the incoming operator to grow the letting pool and increase returns.

Nundah is a high-demand rental market, prized for its convenient inner-north location, village vibe and excellent transport connections, including immediate access to the motorway and Nundah Railway Station.

This business offers exceptional flexibility, with no real estate outlay, no requirement to live onsite and no set office hours. Caretaking duties are straightforward, centred on common-area cleaning and minimal gardening.

At a sub-6x multiplier, this is an incredible opportunity to acquire — at exceptional value — a highly profitable, scalable and flexible management rights business in a tightly held inner-north location.



- Business-only portfolio of 3 established inner-north MRs
- $413,996 NOP, supported by $277,582 BC salary (67% of total income)
- Letting pool of 45 apartments with significant upside to convert 31 external lets
- No requirement to purchase real estate, live onsite or maintain office hours
- Low-maintenance caretaking focused on common area cleaning
- 2 pools, serviced by external contractor paid for by BC
- 19-25 years remaining on Accommodation Module agreements
- 2 offices under occupation authority
- Opportunity for extra revenue through residential sales
- 100M to Nundah train station; tunnels, M1 motorway, airport only minutes away
- Close to Nundah Village cafes, restaurants + pubs
- Inspections by appointment only
Date updated: 28 Sep 2026 23:00:03

Business Summary