Toowong, Queensland

MODERN HIGH-RISE BUSINESS ONLY MANAGEMENT RIGHTS IN TOOWONG | Resort Brokers ID : MRB007009

Under Contract / Offer

Property Description

An Idyllic inner-city location, a great income, long agreements and plenty of upside potential combine to make this business-only opportunity one of the best on the market!



  • Ultra modern building with striking architecture comprising 60 apartments

  • 34 apartments in the on-site letting pool and 6 external agents

  • City views from the rooftop with swimming pool, communal seating area with BBQ facility

  • Net profit of $158,242 verified by industry specialist accountant

  • 23 years remaining on the Caretaking and Letting Agreements

  • No onsite office to manage, no set office hours

  • No requirement to own a lot or buy real estate

  • 100m walk to Regatta Hotel and opposite Memorial Park

  • Close to CityCat Ferry, Toowong Shopping Complex and train station



Date updated: 23 Jan 2022 22:00:10

Property Summary

Business Snapshot

Price: Under Contract / Offer Net Profit: $158,242 Remuneration / Body Corp Salary: $60,600

Managers Unit

Complex Information

Complex Type: PermanentTotal Units in Complex: 60Total Units in Letting Pool: 34Holiday Units: 34Owner Occupy Units: 20Outside Agent Units: 6Agreement Term Remaining: 25 years
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