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DealProspect/Listings/Hospitality & Tourism

Business-Only Management Rights, Nundah

Management Rights

ActiveHospitality & TourismQueenslandB2C
Asking price
$2,623,725
Disclosed · AUD
Revenue (est.)
~$1,616,526
Estimated · comparable listings of this type and size
Net Profit
$403,000+
Implied multiple
6.5×
asking / earnings
Brief
  • Business-only management rights portfolio, no real estate purchase required
  • Letting pool of 37 apartments with upside to convert 31 externally managed units
  • No requirement to live on site or keep set office hours
  • Low-maintenance caretaking focused on common-area cleaning
  • Walking distance to Nundah railway station and local amenities
  • Option to acquire an additional nearby portfolio