South Brisbane, Queensland

Rare South Bank Precinct Dual Management Rights Opportunity

SOLD

Business Description

Two substantial Management Rights businesses are offered together, located almost side by side at Fish Lane and SW1, presenting a rare opportunity to secure scale and strong income within one of Brisbane’s most tightly held inner-city precincts. The businesses generate a combined total income of $495,774 across multiple Body Corporate agreements, providing a diversified and resilient income stream.

The opportunity includes the purchase of the manager’s unit and office, with no requirement to reside onsite, offering flexibility for owner-operators or investors. Both short-term and permanent letting are permitted, allowing the operator to optimise returns and adapt to market conditions.

Positioned in a high-demand rental location near South Bank, the complexes benefit from consistent tenant demand driven by proximity to the CBD, transport, lifestyle amenities, and major employment and education hubs. This location continues to support strong occupancy and income stability.

Operationally, the business is well established, with the majority of day-to-day activities managed by the onsite managers. A part-time receptionist provides additional support, with all wages clearly accounted for within the profit and loss statements.

For buyers seeking a large-scale Management Rights opportunity in an inner-city location, this is a standout offering. Management Rights of this size, configuration, and calibre are rarely brought to market, making this an exceptional acquisition for experienced operators or strategic investors.

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

Business Summary

Business Snapshot

Price: SOLD Net Profit: $474,744 Remuneration / Body Corp Salary: $276,754

Managers Unit

Value of Managers Apartment: $900,000Bedrooms: 2Bathrooms: 2Car Spaces: 1

Complex Information

Complex Type: PermanentTotal Units in Complex: 144Total Units in Letting Pool: 56Owner Occupy Units: 62Outside Agent Units: 25Lockup Units: 1Agreement Term: 25 yearsAgreement Term Remaining: 15 years
Marketing Agent
Robert Collins
Robert Collins

Kevin Tsai
Kevin Tsai

Key Investment Insights

AI generated. Confirm details with the seller.

1. Combined income of $495,774 across multiple Body Corporate agreements provides diversified revenue.
2. Reported net profit of $474,744, with remuneration and Body Corporate salary of $276,754.
3. Two substantial businesses operate side by side in Brisbane’s tightly held South Bank precinct.
4. Purchase includes the manager’s unit and office, with no requirement to reside onsite.
5. Two bedroom, two bathroom manager’s apartment includes one car space and is valued at $900,000.
6. Short term and permanent letting are permitted, supporting operational flexibility.
7. Established operations are largely managed by onsite managers, supported by a part time receptionist.
8. Management rights agreement has 15 years remaining from an original 25 year term.
9. The complexes comprise 144 units, including 56 in the letting pool, 62 owner occupied and 25 outside agent units.
10. Location benefits from proximity to the CBD, transport, lifestyle amenities, employment hubs and education precincts.

Management Rights Multiplier: 5.83
ROI Estimate: 12.94%

Listing location

This Business is sold

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