Under Contract
High Performing Business-Only MLR in Prime CBD Location!
ResortBrokers is thrilled to present an exclusive opportunity to acquire the management rights of a substantial Business-Only permanent complex located in Brisbane's iconic Roma Street Parklands. This impressive property, delivered in 2005, features 401 apartments spread across four high-rise towers, offering significant income, exceptional management flexibility and immense growth potential.
This is a unique opportunity to acquire an incredible management rights business in one of Brisbane’s most iconic locations. This investment is a unique opportunity for astute investors seeking stability, growth, and long-term returns.
Don’t miss the chance to benefit from a well-established operation with strong financials and immense potential for future growth. Call us today!
-
Prime location in Roma Street Parklands with major infrastructure boosting demand.
-
Business generates a net profit of $643,413 with body corporate salary of $746,675.
-
A generous amount of wages has been allowed in the P&L which is prepared by a professional industry accountant.
-
All current onsite letting units are permanent lets - 100% occupancy.
-
Growth potential by converting permanent lettings to Short-Term lettings, and converting outside lettings into the onsite letting pool.
-
Strong body corporate relationship under long-term agreements with multiple successful top-ups to 10 years (Accommodation Module - potential for new manager to top up to 25 years).
-
Business is fully managed by experienced staff, offering flexibility for the new owner to either take a hands-on approach or continue with the established team.
-
It is not mandatory to purchase the manager’s residence. The incoming manager has the flexibility to choose where to reside within the complex or may purchase the spacious 3-bedroom manager’s unit currently owned by the vendor for $ 1.5 million.
-
Central onsite office offers visibility, and significant potential to generate additional income from apartment sales.
- Inspections are by appointment only
