Boondall Business-Only Permanent Management Rights Opportunity
SIRE is bringing to market a business-only permanent management rights opportunity in Boondall, North Brisbane, designed for buyers seeking income, simplicity and operational flexibility without the requirement to purchase a manager’s unit.
With no onsite facilities, a letting pool of 40, average rent of approximately $760 per week, and a practical North Brisbane location, this opportunity is positioned for operators who want a cleaner management rights structure.
Executive summary
This is a clean, business-only permanent management rights opportunity in Boondall, one of North Brisbane’s practical residential suburbs.
There is no manager’s unit to buy. There are no onsite facilities to maintain. The business is supported by a body corporate salary of $99,081, a letting pool of 40, and average rent of approximately $760 per week.
For a buyer who wants management rights income without taking on a residence purchase, this opportunity offers a more flexible acquisition structure than many traditional management rights deals.
Key investment highlights
- Business-only permanent management rights opportunity
- No manager’s unit purchase required
- No onsite facilities to maintain
- Recalculated net profit: $218,856
- Body corporate salary: $99,081
- Gross profit from letting: $134,300
- Gross profit from management rights: $233,381
- Total expenses: $14,525
- Letting pool: 40
- Average rent: $760 per week
- PropertyMe trust accounting
- Xero bookkeeping
Financial snapshot
The corrected net profit is calculated from the supplied management rights gross profit less total expenses.
| Body Corporate Salary | $99,081 |
| Gross Profit from Letting | $134,300 |
| Gross Profit from Management Rights | $233,381 |
| Total Expenses | $14,525 |
| Recalculated Net Profit | $218,856 |
| Average Rent | $760 per week |
| Letting Pool | 40 |
Net Profit Calculation: $233,381 Gross Profit from Management Rights minus $14,525 Total Expenses equals $218,856 recalculated net profit.
Operating profile
The operating structure is designed around simplicity: business-only, no manager’s unit, no onsite facilities, recognised software systems and a permanent letting profile.
| Business Type | Permanent Management Rights |
| Location | Boondall, North Brisbane |
| Structure | Business only |
| Manager’s Unit | No manager’s unit |
| Facilities | No onsite facilities |
| Units in Complex | 63 |
| Letting Pool | 40 |
| Average Rent | $760 per week |
| Trust Accounting Software | PropertyMe |
| Bookkeeping Software | Xero |
| Salary Review | October |
Why Boondall works
Boondall gives buyers a practical North Brisbane location story. It is a suburb with rail access, airport proximity, major road connections, employment catchments and established residential demand.
For tenants, that means access. For buyers, that means the suburb is easy to understand as a permanent rental location.
Who this may suit
This opportunity may suit buyers who want management rights income without taking on a residence purchase or a facility-heavy operating model.
- Management rights buyers seeking North Brisbane exposure
- Operators wanting a permanent letting profile
- Buyers who value PropertyMe and Xero systems
- Buyers seeking no manager’s unit requirement
- Operators wanting no onsite facilities
- Purchasers focused on business-only income
FAQ
What is the recalculated net profit?
The recalculated net profit is $218,856, calculated as $233,381 Gross Profit from Management Rights less $14,525 Total Expenses.
Is there a manager’s unit to purchase?
No. This is positioned as a business-only opportunity with no manager’s unit purchase required.
Are there onsite facilities to maintain?
No. There are no onsite facilities to maintain.
What is the letting pool?
The letting pool is 40.
What software is used?
The business uses PropertyMe for trust accounting and Xero for bookkeeping.
Are inspections open?
Inspections are strictly by appointment only, with confidentiality maintained to protect onsite operations and vendor privacy.
Confidentiality note: detailed information is provided to genuine buyers through the appropriate request process to protect onsite operations and vendor confidentiality.
Disclaimer: All information has been supplied by the vendor and is provided as a guide only. Prospective purchasers must rely on their own enquiries, accountant, solicitor, financier and management rights specialist advice before making any decision. Figures, agreement terms, letting pool, income, expenses, average rent, workload and operational details are subject to purchaser verification.
