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Dual Off-The-Plan Opportunity - 150 Apartments Business-Only MLRs | Resort Brokers ID : OTP009066
$1,633,822
Permanent Management Rights, MITCHELTON QLD
Positioned 10klm from Brisbanes CBD, Parque Mitchelton and The Atley Mitchelton, developed by Carbone Developments, represent a rare dual off-the-plan management rights opportunity in Brisbanes well-established north-western corridor.
These side-by-side permanent residential complexes deliver 150 apartments with completion scheduled for 2026 and 2027. The staggered delivery allows for staged establishment and progressive revenue growth.
The business-only model requires no real estate purchase and operates without set office hours, with two offices provided under occupational authority. An incredible opportunity for experienced management rights operators seeking to add substantial scale to their portfolio through a business-only acquisition
The opportunity delivers a net profit of circa $314,000, underpinned by a substantial $225,000 Body Corporate salary, with brand-new 25-year Caretaking and Letting Agreements ensuring long-term tenure.
Strong remuneration base, and brand new agreements provide a secure foundation, while the permanent letting model and established location offer predictable income streams with growth potential as the complexes stabilise post-completion.
Dual off-the-plan management rights opportunity comprising two side-by-side permanent residential complexes totalling 150 apartments.
- Projected net profit of $314,197 per annum underpinnedby Body Corporate salary of $225,000 per annum with CPI increases.
- Developed by Carbone Developments with over 20 years of experience delivering premium residential projects across South-East Queensland.
- Business-only acquisition requiring no real estate purchase with two offices provided under occupational authority and no set office hours.
- Brand new 25-year Caretaking and Letting agreements providing long-term security and tenure.
- Located 10 kilometres from Brisbane CBD in established Mitchelton with direct train and bus access and strong rental demand.
- Strategic location capitalising on Mitchelton's growing popularity as an affordable, connected residential precinct.
- Luxury facilities across both complexes, including pools, gyms, underground secure parking, barbecue areas and yoga lawn.
- Inspections are by appointment only
Date updated: 02 Feb 2026 22:00:02
More Information
- Total Purchase Price: $1,633,822
- Net Income: $ 314,197
(projected)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 0
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