Off The Plan Business-Only with $126K+ Projected Net Profit

Biella Residences presents a rare off-the-plan management rights opportunity in the heart of Cannon Hill, one of Brisbane’s fastest-growing inner-east precincts. This flexible business-only opportunity will operate under accommodation module agreements and requires no real estate purchase or onsite residence, making it ideal for experienced operators seeking a bolt-on acquisition. With full 25-year agreements commencing upon completion, the business is projected to generate net profit exceeding $126,000, including a secure CPI-linked body corporate salary exceeding $77,000 per annum. The boutique 44-apartment complex has a projected letting pool of 14, with further upside potential as remaining available lots are sold. Streamlined caretaking duties and no set office hours provide genuine operational flexibility. Located approximately 15 minutes from Brisbane CBD and close to major transport, retail and lifestyle amenities, Cannon Hill continues to experience strong tenant demand driven by connectivity and infrastructure growth. With more than 80% of apartments already sold, the developer is seeking an experienced operator to establish an early presence within the project ahead of the anticipated settlement of the management rights in August 2026. This will provide the opportunity to engage with purchasers, build relationships and maximise the onsite letting pool before settlement.