Permanent MLR Sought-After Complex - Strong Returns on Investment | Resort Brokers ID : MR008870

$2,215,000

Permanent Management Rights, Fortitude Valley QLD

ResortBrokers is delighted to present an outstanding management rights opportunity located on the quieter side of Fortitude Valley.

The caretaking role for this permanent residential complex is notably low demand. With no fixed office hours and streamlined operations already in place, a single person can easily manage this exceptional business.

The business is underpinned by 21-year agreements, which have been successfully topped up three times during the current manager's tenure, providing the purchaser with long-term security. A supportive body corporate, prime inner-city location, strong occupancy, high rental demand, and flexible operations make this a compelling business opportunity.

- Net income of $295,658 enables outsourcing and a comfortable lifestyle for the manager
- High body corporate salary of $188,438, which accounts for 68% of total income
- Renovated two-level manager's apartment with two bedrooms and a spacious loft/third bedroom
- Low-demand, one-person role with manageable caretaking duties
- Prime inner-city position
- Supportive and pragmatic body corporate committee
- Long-term security with 21 years on agreements, successfully topped up three times
- No set office hours and streamlined operations
- Inspections by appointment only
Date updated: 08 Sep 2025 23:00:01

More Information

Financial Overview

Total Purchase Price: $2,215,000
Net Income: $ 295,658 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 780,000
_{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: 33
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 35
_{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: 12
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 92
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 188,438
_{This is the body corporate caretaker salary. It is included in the Net Income above.}

Agreement Term: 25 years
_{How long is the caretaking contract.}

Agreement Remaining: 21 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: No
_{Required Office Hours}

Complex Features: Swimming pool, sauna, spa and barbecue area

Real Estate Component

Manager's Unit: 2 2

Included Real Estate: $ 780,000
_{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: 1
_{Is there a manager's office included on the title?}

Pets: No
_{Can the manager own a pet on site?}

Unit Features: large balcony off the living room and both bedroomsenclosed large loft that takes up half the apartment so in essence you have three bedrooms1 large car garage