Teneriffe, Queensland

Iconic Bluechip Riverfront MLR With Huge Upside & Freedom

Tightly Held $1.87M MR + $925k Unit = Total: $2.795M

Business Description

This is the management rights you’ve been waiting for — a blue-chip Teneriffe riverfront complex offering all the income with none of the headaches.

An outstanding opportunity in Brisbane’s tightly held Teneriffe riverfront precinct, this management rights business combines strong financials with lifestyle flexibility. With no office hours and no requirement to live onsite, it’s one of the most attractive low-maintenance MLR offerings available.

The manager’s residence is a dual-title configuration, featuring a three-bedroom apartment with one bathroom, two secure carparks, and an office on title. Owners can live onsite or lease out the residence and carparks for extra income, while the office adds further versatility.

The business is underpinned by a high body corporate salary of $269,141 per annum, accounting for over 77% of verified net profit. Agreements run until June 2047, with verified net profit of $349,471 per annum (excluding outside rentals and the manager’s unit). With 160 units onsite and 26 in the letting pool, there is further upside from 32 self-managed Airbnb units and 49 with outside agents. Caretaking duties are light, limited to the pool, BBQ area, and grounds, making this a high-return, low-effort investment.

Set directly on the Brisbane River, the property connects effortlessly via the riverwalk to New Farm Park, Howard Smith Wharves, and the CBD. Teneriffe’s café culture, Gasworks precinct, James Street retail, and nearby ferry terminal complete a location that guarantees strong rental demand and long-term capital growth.

With a 20.2% ROI on the business component and a below-the-market multiplier of 5.35x, this opportunity delivers the ideal mix of income, lifestyle, and growth in one of Brisbane’s most desirable suburbs.delivers the perfect balance of income, lifestyle, and growth potential in one of Brisbane’s most desirable suburbs.

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

Business Summary

Business Snapshot

Price: Tightly Held $1.87M MR + $925k Unit = Total: $2.795M Net Profit: $2,795,000

Managers Unit

Value of Managers Apartment: $925,000Bedrooms: 3Bathrooms: 1Car Spaces: 2

Complex Information

Complex Type: PermanentTotal Units in Complex: 160Total Units in Letting Pool: 26Owner Occupy Units: 53Outside Agent Units: 49Lockup Units: 32Agreement Term: 25 yearsAgreement Term Remaining: 22 years

Marketing Agent

Kevin Tsai

0403 44....

Ras360

Key Investment Insights

1. Iconic Teneriffe riverfront management rights business with strong financials and lifestyle flexibility.
2. No office hours and no requirement to live on site, making it a low-maintenance investment.
3. Dual-title manager's residence with potential for extra income through leasing out the residence and carparks.
4. High body corporate salary accounting for over 77% of verified net profit.
5. Agreements in place until June 2047, providing long-term stability.
6. Potential for further upside with 32 self-managed Airbnb units and 49 units with outside agents.
7. Light caretaking duties, limited to pool, BBQ area, and grounds maintenance.
8. Prime location on the Brisbane River, connecting easily to popular areas such as New Farm Park and the CBD.
9. Strong rental demand and long-term capital growth potential.
10. High return on investment with a 20.2% ROI on the business component and a below-market multiplier.
11. Tightly held market with limited opportunities for similar riverfront management rights businesses.
12. Specialist management rights agency with experience in motels, hotels, pubs, parks, and management rights.

Management Rights Multiplier: 0.67
ROI Estimate: 149.47%