HIGH-EARNING MR IN BRISBANE'S INNER-NORTH - TOPPED UP TO FULL 25 YEAR TERM | Resort Brokers ID : MR008932

$2,263,995

Permanent Management Rights, Grange QLD

ResortBrokers presents an exceptional management rights business in Grange, featuring 120 townhouses and villas with 26 in the letting pool. The business delivers a net profit exceeding $266,000, underpinned by a secure $199,000 body corporate salary.

A full 25-year Accommodation Module agreement ensures long-term stability. The recently renovated four-bedroom managers standalone house includes an on-title office and no set office hours.

Located just seven kilometres from the CBD, and major transport links, this opportunity offers additional income potential from on-site sales and is positioned in a high-demand rental area.

- Strong net profit exceeding $266,000
- Body corporate salary over $199,000, 2.5% CPI
- Full 25-year accomodation module agreement recently renewed to maximum term
- No set office hours and manageable caretaking duties by a single person
- Recently renovated four-bedroom manager's standalone house with office on title
- Themanager's residence priced at $155k, under valuation - offering outstanding value
- Additional income stream from on-site property sales services
- Located in a high-demand rental and growth area
- Prime northern inner city fringe position, close to Kedron Brook and major transport links
- Inspections are by appointment only
Date updated: 16 Oct 2025 22:00:01

More Information

Financial Overview

Total Purchase Price: $2,263,995
Net Income: $ 266,677 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 995,000
_{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: 25
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 86
_{Number of units resided in by their owners.}

Lock Ups: 3
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 5
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 120
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 199,598
_{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: 25 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 set office hours
_{Required Office Hours}

Complex Features: Built in 1999. Mix of Townhouses, Villas&Units. Two pools. 2 spas&2 bbq areas.

Real Estate Component

Manager's Unit: 4 2

Included Real Estate: $ 995,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 2

Office On Title: 1
_{Is there a manager's office included on the title?}

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

Unit Features: Spacious standalone family sized 4 bedroom townhouse, 2.5 bathrooms & double garage. Large living area, covered alfresco dining area & billiards gaming room. Well maintained. Current manager has maintenance contracted out.