Woolloongabba, Queensland
LARGE ESTABLISHED MANAGEMENT RIGHTS IN BRISBANE WITH NO UNIT TO BUY. BUSINESS ONLY
$2,410,000 Business Only. No unit to Buy.
Business Description
About the Property
RCA EXCLUSIVELY PRESENT FOR SALE THE LARGE ESTABLISHED MANAGEMENT AND LETTING RIGHTS AT WOOLLOONGABBA WITH NO MANAGERS RESIDENCE OR OFFICE TO BUY.
+ BUSINESS ONLY. NO MANAGER’S RESIDENCE OR OFFICE TO BUY.
+ Permanent rentals with accountant verified $428,704 nett operating profit per annum
+ Body corp caretaking salary of approx $137,660 per annum
+ 93 x total lots with 62 x in the letting pool in the building
+ 14 x extra outside rentals
+ Approx 20 years remaining on the caretaking & letting agreements
+ Great location in Brisbane’s inner city suburb of Woolloongabba
+ Originally developed by HG Developments
DON'T MISS OUT ON THIS INCREDIBLE LARGE ESTABLISHED MANAGEMENT RIGHTS OPPORTUNITY. REQUEST INFORMATION MEMORANDUM FOR MORE DETAILS ON THIS PROPERTY.
CONTACT RCA FOR MORE DETAILS
Business Summary
Key Investment Insights
1. Business-only sale of established management and letting rights in Woolloongabba, no manager’s residence or office to buy, reducing capital required to acquire the business.
2. Accountant-verified nett operating profit of $428,704 per annum, indicating strong, audited cashflow.
3. Additional body corporate caretaking salary of approximately $137,660 per annum, providing a separate, predictable income stream.
4. Large portfolio scale, 93 total lots in the complex, supporting operational efficiencies and revenue diversity.
5. Substantial letting pool of 62 lots within the building, representing a significant source of recurring rental income.
6. 14 extra outside rentals contributing incremental revenue and portfolio flexibility.
7. Approximately 20 years remaining on the caretaking and letting agreements, offering long-term contract security and income visibility.
8. Inner-city Woolloongabba location in Brisbane, implying strong tenant demand and accessibility to urban amenities.
9. Long-established operation, suggesting existing processes, tenant base and reputation in the market.
10. Originally developed by HG Developments, which may support building quality and desirability.
11. Combination of permanent rentals and caretaking income creates diversified revenue streams, lowering reliance on a single income source.
12. Vendor offers an information memorandum on request, enabling prospective buyers to perform detailed due diligence.
