Toowong, Queensland

Australia's Biggest Established Management Rights Portfolio | Resort Brokers ID : MR006763

$12M BUS + $2.120M RE

Property Description

An unprecedented opportunity to acquire a large-scale portfolio of six exclusive, permanent management rights with an incredible combined net over $1.711m making it one of the largest MLR ever offered to market!



  • 6 high-end residential management rights, located in Toowong and Teneriffe

  • Portfolio comprises a total 644 apartment, with 322 managed in the onsite letting pools.

  • Incredible overall Net Profit in excess of $1.711M

  • Combined BC salaries of $879K, in excess of 50% of the income is fixed and CPI-linked.

  • Majority of the buildings are new, with four of the six complexes (except Rivers on the Park and Regatta) built in the last 3 years.

  • 5 of the 6 properties have no requirement to live on-site or adhere to office hours.

  • Majority of the agreements have over 20 years tenure remaining.

  • 3 properties have a manager’s unit/office to purchase.

  • Only 1 unit is lived in by manager, the other 2 are rented for extra $58,750 income.

  • All buildings are run entirely under management creating scope for a hands on operator to grow various aspect of the business.

  • Rare opportunity for EITHER an established large-scale operator OR a smaller existing operator to establish themselves as one of Brisbane largest MR operators.

Date updated: 23 Sep 2021 23:00:06

Property Summary

Business Snapshot

Price: $12M BUS + $2.120M RE Net Profit: $1,711,100 Remuneration / Body Corp Salary: $879,550

Managers Unit

Value of Managers Apartment: $2,120,000Bedrooms: 2Bathrooms: 2Office: On Title

Complex Information

Complex Type: PermanentTotal Units in Complex: 644Total Units in Letting Pool: 323Holiday Units: 323Agreement Term Remaining: 25 years
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