A well-established, low-maintenance management rights business in the heart of Kelvin Grove, just moments from the vibrant Kelvin Grove Urban Village and the QUT campus.
This is an ideal "add-on" business for an existing management rights operator or an excellent entry-level opportunity for those looking to establish themselves in the industry while enjoying the flexibility of working from home.
The complex comprises just 19 units, with 7 apartments currently in the letting pool, creating a straightforward operation that is easy to manage. The current manager has successfully operated the business since the complex was built, highlighting the stability and longevity of this opportunity. With the management agreement secured until 2044, purchasers can benefit from long-term security and future income potential.
One of the standout features of this business is its exceptionally low maintenance requirements. There are no lawns to mow or extensive gardens to maintain, with the common areas being predominantly tiled and concreted, resulting in minimal upkeep and an efficient day-to-day operation.
Generating a net profit of approximately $37,082, this is an affordable opportunity with no manager's residence or associated real estate to purchase, reducing the initial capital outlay. Whether you're seeking to expand your existing portfolio or take your first step into management rights, this simple, well-established business represents excellent value in a sought-after inner-Brisbane location.
Key Features:
*Prime Kelvin Grove location close to Kelvin Grove Urban Village and QUT.
*19-unit complex with 7 units in the letting pool.
*Management agreement secured until 2044.
*Low-maintenance operation with virtually no gardening required.
*Net profit of approximately $37,082.
*No manager's residence or real estate purchase required.
*Ideal add-on business or entry-level management rights opportunity.
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