Premier Waterfront Permanent MLR delivering $431K+ NOP - Prime Brisbane CBD | Resort Brokers ID : MR009117

$2,905,029

Permanent Management Rights, Brisbane QLD

Offered to the market for the first time in 11 years. ResortBrokers delivers a substantial permanent letting opportunity in a premier Brisbane riverfront location with direct boardwalk access to the CBD, dining and entertainment precincts.

This prestigious complex generates a strong net profit $431,225 pa. with a body corporate salary of $247,899 representing circa 60% of total income, providing exceptional revenue stability E.g. Purchase and insulation from market fluctuations.

Settlement will be subject to a successful top-up, under which the incoming manager will enjoy a fully topped-up 10-year agreement, alongside multiple successful top-ups throughout the current managers tenure, further underscoring the strength of the positive relationship and the body corporate's commitment to the smooth running of the complex. The business offers flexible living arrangements, allowing you to purchase and reside in any lot within the building. eg. purchase a one-bedroom unit - rent out to tenant and the manager can rent larger unit if preferred making it suitable for families seeking larger accommodations.

Brisbane's rapid growth ahead of the 2032 Olympic Games, combined with established operational systems, positions this as a high-income opportunity suited to operators seeking scale without excessive hands-on burden - truly a premium, prestige waterfront Brisbane asset.

Body corporate salary exceeding $247,899 represents circa 60% of total income, providing exceptional revenue stability.
Premier Brisbane CBD waterfront address with direct boardwalk access to CBD, dining and entertainment precincts.
Strong rental demand delivering $630 to $1,450 per week across one to four-bedroom apartments.
Cleaning, gardening and pool maintenance fully outsourced to professional contractors.
Flexible ownership structure allowing purchase of any lot within the building with option to rent out manager’s unit.
Very supportive body corporate committees.
Walking distance to entertainment, restaurants, CBD, schools and City Cat with exceptional connectivity.
Inspections by appointment only.
Date updated: 11 Mar 2026 22:00:02

More Information

Financial Overview

Total Purchase Price: $2,905,029
Net Income: $ 431,225 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 650,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}
Multiplier: undisclosed
_{Estimated number of years till the Net Income reaches the Purchase Price of the business component. Other factors such as lifestyle, workload, location and offering should always be considered ahead of the multiplier when evaluating a Management Rights business.}

Letting Business

Letting Pool: 52
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 0
_{Number of units resided in by their owners.}

Lock Ups: 0
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 0
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 150
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 247,899
_{This is the body corporate caretaker salary. It is included in the Net Income above.}

Agreement Term: 10 years
_{How long is the caretaking contract.}

Agreement Remaining: 8 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 0 years
_{How long has the management rights existed.}

Office Hours: Mondayâ Friday: 7:30am â 5pm Saturday: 9am â 12pm
_{Required Office Hours}

Complex Features: Heated indoor pool Gymnasium (with toliet and shower) Sauna BBQ Meeting room Secure access + 30 CCTV cameras Direct access to the boardwalk Body corporate is looking to renovate the entire common facilities and area.

Real Estate Component

Manager's Unit: 1 1

Included Real Estate: $ 650,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 1

Office On Title: 0
_{Is there a manager's office included on the title?}

Pets: yes
_{Can the manager own a pet on site?}

Unit Features: Lot 67 - 74m2 (plus carpark and storage room) - rent $640/wk. Admiralty Tower One consists of a 1 bedroom apartment, the agreements stipulates that the manager/caretaker has to own a lot within the scheme (any lot) and reside within the scheme. Current manager bought this one bedroom unit and rented out to tenant, and rented/later bought a 3 bedroom unit with the building to reside in with family.