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 included.
2. Accountant-verified nett operating profit of $428,704 per annum, indicating audited cashflow.
3. Body corporate caretaking salary of approximately $137,660 per annum, contributing material recurring income.
4. 93 total lots in the complex, providing scale and operational substance.
5. 62 lots in the building are in the letting pool, representing roughly 67 per cent of in-building stock.
6. 14 additional outside rentals under management, bringing total managed rental stock to 76 lots.
7. Approximately 20 years remaining on the caretaking and letting agreements, offering long-term contract stability.
8. Inner-city Woolloongabba location in Brisbane, implying strong tenant demand and accessibility.
9. Originally developed by HG Developments, suggesting a reputable build pedigree.
10. Large, established management rights platform with verified earnings, suitable for investors seeking immediate operational income.
