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TENERIFFE, QLD
Iconic Bluechip Riverfront MLR With Huge Upside & Freedom
Teneriffe, QLD, 4005
Services · Management Rights
Tightly Held $1.87M MR + $925k Unit = Total: $2.795M
This is the management rights youve been waiting for a blue-chip Teneriffe riverfront complex offering all the income with none of the headaches.An outstanding opportunity in Brisbanes tightly held Teneriffe riverfront precinct, this management rights business combines strong financials with lifestyle flexibility. With no office hours and no requirement to live onsite, its one of the most attractive low-maintenance MLR offerings available.The managers residence is a dual-title configuration, featuring a three-bedroom apartment with one bathroom, two secure carparks, and an office on title. Owners can live onsite or lease out the residence and carparks for extra income, while the office adds further versatility.The business is underpinned by a high body corporate salary of $269,141 per annum, accounting for over 77% of verified net profit. Agreements run until June 2047, with verified net profit of $349,471 per annum (excluding outside rentals and the managers unit). With 160 units onsite and 26 in the letting pool, there is further upside from 32 self-managed Airbnb units and 49 with outside agents. Caretaking duties are light, limited to the pool, BBQ area, and grounds, making this a high-return, low-effort investment.Set directly on the Brisbane River, the property connects effortlessly via the riverwalk to New Farm Park, Howard Smith Wharves, and the CBD. Teneriffes caf culture, Gasworks precinct, James Street retail, and nearby ferry terminal complete a location that guarantees strong rental demand and long-term capital growth.With a 20.2% ROI on the business component and a below-the-market multiplier of 5.35x, this opportunity delivers the ideal mix of income, lifestyle, and growth in one of Brisbanes most desirable suburbs.delivers the perfect balance of income, lifestyle, and growth potential in one of Brisbanes most desirable suburbs.**Ras360 Specialists in Motels | Hotels | Pubs | Parks | Management Rights **
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