FOR SALE
$1.28M MR & $620k Unit = Total $1.849M

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Bulimba QLD 4171

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Great Profit at Low Multiplier = Awesome Opportunity

Unlock the potential of this exceptional Management Rights business nestled in the heart of Bulimba, Queensland. The current owners are heavily committed elsewhere presenting a golden opportunity for an astute investor. This must-see complex combines convenience, luxury, and exceptional value for money.
This complex has been reduced substantially (you won't find an income at a multiplier like this elsewhere) as the managers are totally committed elsewhere. Please understand there will be no further reductions. This is an exceptional opportunity in the highly desirable suburb of Bulimba. Residents may have a pet with Body Corporate approval. The area boasts an upmarket rental market with rare vacancies and rock-steady income. You are close to all amenities and the vibrant restaurant precinct of Oxford St. While you must live on-site, you can rent out the manager's apartment and opt for a 2 or 3-bedroom unit
Strategic Location:
Situated in the unique riverside locality of Bulimba, this complex is just a stone's throw away from the city. Enjoy the best of both worlds – close proximity to urban amenities while immersed in the beauty of this riverside gem.
Investment Potential:
Boasting immense potential, this easily managed complex is not only a sound investment but also offers a superb lifestyle. The large one-bedroom plus study apartment, recently renovated, provides comfortable living for the new manager.
Long-Term Agreement:
The current management agreement has an impressive 21 years remaining, providing stability and security for the new owner.
Flexibility in Accommodation:
Explore the flexibility to rent a larger apartment if desired. The agreement requires the manager to live on-site but does not specify a particular unit, giving you the freedom to choose between a 2- or 3-bedroom apartment. Additionally, leasing out the manager’s residence can generate extra income and may offer positive tax benefits, such as deductible expenses related to the rental property. This adaptable arrangement allows you to tailor your living and financial situation to best suit your needs while maximizing your investment's potential.
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Property Details for Contact Agent For Address, Bulimba

Building Type
Commercial

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About Bulimba 4171

The size of Bulimba is approximately 2.9 square kilometres. It has 9 parks covering nearly 8.4% of total area. The population of Bulimba in 2011 was 5,940 people. By 2016 the population was 6,842 showing a population growth of 15.2% in the area during that time. The predominant age group in Bulimba is 30-39 years. Households in Bulimba are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Bulimba work in a professional occupation. In 2011, 56.1% of the homes in Bulimba were owner-occupied compared with 56% in 2016.

Bulimba has 4,205 properties. Over the last 5 years, Houses in Bulimba have seen a 66.37% increase in median value, while Units have seen a 59.97% increase. As at 30 November 2024:

  • The median value for Houses in Bulimba is $2,141,466 while the median value for Units is $965,785.
  • Houses have a median rent of $850 while Units have a median rent of $675.
There are currently 15 properties listed for sale, and 9 properties listed for rent in Bulimba on OnTheHouse. According to CoreLogic's data, 211 properties were sold in the past 12 months in Bulimba.

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Robert Collins
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Joel Mccartin
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RAAS Property Group
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