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PROFITABLE INNER NORTH MR - AT 4.5x + 4-BED HOUSE $155k UNDER VALUATION! | Resort Brokers ID : MR008932
$2,188,000
Permanent Management Rights, Grange QLD
Located just 7 km from the CBD, and close to major transport links, this management rights business is an exceptional opportunity to capitalise on Brisbanes northern growth corridor.
Situated in Grange, this 120-townhouse/villa complex boasts a net profit exceeding $266,000, underpinned by a secure $203,000 body corporate salary.
The managers residence a recently renovated, 4-bedroom standalone house including an office is being offered to market for $995,000 ($155K under valuation). Given Brisbanes soaring property prices, this presents OUSTANDING VALUE.
Full 25-year Accommodation Module agreements ensure long-term stability, and with no set office hours the incoming operator is free to manage their time as they please. Additional income from onsite sales in this high-demand area adds further appeal to this great offering.
Do not miss out on this incredible opportunity to enter the property market in Brisbanes booming north at a highly attractive price.
- Prime northern inner city fringe position, close to Kedron Brook and major transport links
- 120 townhouses/villas with 26 in letting pool
- Strong net profit exceeding $266K
- Body corporate salary over $203,000, increasing by 2.5% or CPI each year
- 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 4-bed manager's standalone house, with office, on title
- Manager's residence priced at $995K ($155K under valuation)— outstanding value
- Additional income stream from onsite property sales services
- Located in a high-demand rental and growth area
- Inspections by appointment only
Date updated: 03 Feb 2026 22:00:02
More Information
- Total Purchase Price: $2,188,000
- 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.
Number of units the manager is authorised to manage.
Number of units resided in by their owners.
Number of units owners are not renting out, but also do not live in.
Number of units being rented by other agents (these could potentially be acquired by the manager).
The total number of units within the complex.
This is the body corporate caretaker salary. It is included in the Net Income above.
How long is the caretaking contract.
How long remains on the caretaking contract before it must be renewed?
How long has the management rights existed.
Required Office Hours
The value of on-title property included with the business. Its price is included in the Total Purchase Price.
Is there a manager's office included on the title?
Can the manager own a pet on site?