EXCEPTIONAL BUSINESS ONLY - RIVERFRONT PERMANENT MR - NOP $540K+ | Resort Brokers ID : MRB008954

$2,625,000

Permanent Management Rights, New Farm QLD

Situated directly on the Brisbane river in a prime city-fringe suburb, on offer are the management rights to a permanent residential complex comprising circa 200 apartments.

Caretaking duties, including gardening and cleaning, are managed by contractors, with all actual wages transparently reflected in the profit and loss statement. No requirement own real estate or live onsite.

- Total of c.200 apartments with c.40 in the onsite pool
- Recently topped up caretaking/letting agreements
- Pure business-only with no real estate to purchase and no onsite living requirements
- High performing established business showing strong returns and offering flexible operation
- Body corporate salary increases with CPI annually, currently at c. $380K per annum
- Significant upside from onsite sales commisions - $200K+ per annum (not in sales P&L)
- All cleaning and gardening handled by contractors, with actual wages transparently shown in accounts
- Manicured gardens maintained at body corporate expense, reducing operational workload
- Directly overlooking the river; Brisbane's most prestigious residential complex
- Inspections by appointment only

Date updated: 10 Nov 2025 22:00:02

More Information

Financial Overview

Total Purchase Price: $2,625,000
Net Income: $ 540,796 (actual)
_{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.}

Letting Business

Letting Pool: 44
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 144
_{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: 188
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 424,846
_{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: 10 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: 8.30am-5.30pm Monday- Friday/ 9am-11am Saturday
_{Required Office Hours}

Complex Features: Principal - Gymnasium&garden areas. Flinders - 25 meter heated swimming pool&garden areas. Mitchell - 20 meter heated swimming pool&garden areas. Refinery - Garden areas.