Property in East Brisbane QLD 4169

Located centrally in East Brisbane, this business-only management rights opportunity benefits from a strategic position close to Brisbane’s CBD, key hospitals, universities, and thriving employment centres. This well-established permanent residential complex enjoys strong, continual rental demand, providing a robust foundation for steady income.

The offering is tailored to experienced management rights operators and investors seeking operational flexibility without the obligations of purchasing real estate or residing onsite. The business delivers a notable net operating profit (NOP) of approximately $415,000 annually, which includes a secure body corporate salary surpassing $158,000 with long-term agreements in place lasting over 21 years.

With no fixed office hours and an exclusive office space, the management duties can integrate smoothly with other business activities. The complex features amenities such as a rooftop pool, recreation areas with barbecue facilities, and secure basement parking, all of which enhance tenant satisfaction and community engagement.

• The business-only structure eliminates the need to purchase a manager’s unit or live onsite, appealing to portfolio investors and professionals valuing flexibility.
• Subcontracted services for gardening and common area cleaning alleviate operational burdens, while maintenance costs for chemicals and supplies are covered by the body corporate.
• There is immediate potential to increase lettable pool size by converting externally managed units, presenting pathways for increased revenue and profitability growth.
• The body corporate committee is cooperative and maintains strong working relationships, supporting efficient business operations.

This management rights business is a rare offering in the market for those looking to enter a stable, established operation with clear growth opportunities in a prime inner-city Brisbane location.