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Don't Miss Out, Make an offer for this Premium Dual Complex in Kangaroo Point
$787k MR&$790k Unit/Carparks = Total $1.577M
Permanent Management Rights, KANGAROO POINT QLD
Why This Opportunity Stands Out
Dual Complex Advantage: Manage two premium riverfront residential complexes, offering diversified income streams and operational efficiencies.
Prime Inner-City Location: Situated just 4km from Brisbane CBD, enjoy panoramic views of the Story Bridge and Brisbane River, enhancing the appeal to potential tenants and owners.
Stable Income with Growth Potential:
Total Apartments: 77
Letting Pool: 10 units, with strong potential to expand
Net Income: $213,178
Additional Income: $12,246 from external/carpark sources
Solid Remuneration: $209,000 p.a.
Exceptional Managers Residence:
Configuration: 2 bedrooms, 2 bathrooms
Features: Renovated kitchen and bathrooms, private courtyard, air-conditioning
Unique Asset: 9 secure carparks on title, a rare inclusion that generates additional income
Investment Highlights
Lifestyle & Profitability: Ideal for those seeking a balance between a rewarding lifestyle and a profitable business venture.
Growth Opportunities: Potential to increase the letting pool and income streams, capitalizing on the high-demand rental market in Kangaroo Point.
Strong Body Corporate Relationships: Well-maintained complexes with proactive committees, ensuring smooth operations and support.
Contact Ras360 Today
Don't miss this rare opportunity to secure a high-performing management rights business in one of Brisbane's most desirable locations. Contact us to arrange a private inspection and receive the comprehensive Information Memorandum.
Ras360 Specialists in Management Rights, Motels, Hotels, Pubs & Parks
Your trusted partner in accommodation business success.
More Information
- Total Purchase Price: $787k MR&$790k Unit/Carparks = Total $1.577M
- Net Income: $ 225,424
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 790,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: undisclosed
Estimated number of years till the Net Income reaches the Purchase Price of the business component. Other factors such as lifestyle, workload, location and offering should always be considered ahead of the multiplier when evaluating a Management Rights business.
Number of units the manager is authorised to manage.
Number of units resided in by their owners.
Number of units owners are not renting out, but also do not live in.
Number of units being rented by other agents (these could potentially be acquired by the manager).
The total number of units within the complex.
This is the body corporate caretaker salary. It is included in the Net Income above.
How long is the caretaking contract.
How long remains on the caretaking contract before it must be renewed?
How long has the management rights existed.
Required Office Hours
The value of on-title property included with the business. Its price is included in the Total Purchase Price.
Is there a manager's office included on the title?
Can the manager own a pet on site?