Teneriffe, Queensland

Business-Only MLR with minimal duties - Teneriffe Riverfront | Resort Brokers ID : MRB009080

Under Contract / Offer

Business Description

ResortBrokers offers to market a genuine business-only management rights opportunity in a blue-chip location, close to Brisbane’s CBD, with direct Riverwalk access and close proximity to premier schooling, shopping and dining - delivering exceptional operational flexibility without real estate purchase or onsite residency requirements.

Caretaking duties are supported by established contractors, with the majority of costs covered by the body corporate.

The permanent residential complex attracts high-calibre professional tenants paying premium rents, supported by excellent occupancy rates. With 15 units in the letting pool, immediate upside exists through the potential conversion of units presently managed by external agents.

With 20 years remaining on the agreements, which have been successfully topped up twice during the current tenure, this opportunity will appeal to established operators seeking a bolt-on acquisition, as well as newcomers looking for a manageable entry point within a tightly held riverfront precinct.

- Prime riverfront business with direct riverwalk access
- No requirement to purchase real estate
- No requirement to live onsite
- Body Corporate Salary circa $147k with very manageable workload
- High-demand rental precinct, professional tenants paying premium rents
- Minutes from Brisbane's CBD and Brisbane's top private schools
- Upside to convert the externally managed units
- Strong body corporate relationship with supportive committee
- Inspections are by appointment only
Date updated: 09 Apr 2026 16:54:54

Business Summary