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Exclusive Management Rights in Iconic Kangaroo Point
$1,100,000
Permanent Management Rights, KANGAROO POINT QLD
Premium Brisbane Investment with Lifestyle Appeal
Ras360 proudly presents the management rights to Shaftston Towers, a boutique residential complex in the tightly held inner-city suburb of Kangaroo Point. This is a rare opportunity to secure a high-performing, low-maintenance business in one of Brisbanes most iconic riverside precincts.
Key Highlights:
33 Total Units (1 Tower) featuring a mix of 2, 3, and 4-bedroom residences.
6 Units in the Letting Pool with strong potential to increase.
Manager's Unit: Renovated 2 bed, 2 bath with private courtyard and 9 secure carparks on titlea rare and valuable asset.
Additional Income: $12,000+ (ex GST) from external letting and carpark rentals. (One carpark recently sold for $50,000!!!!!)
Financial Overview:
Nett Profit: Approx. $80,889 (plus additional external income).
Salary: $82,389 p.a. under Standard Module Agreements with a supportive Body Corporate.
Location Benefits:
Just 4km from Brisbane CBD and surrounded by riverwalks, cafes, public transport, and major infrastructure.
Positioned to benefit from Brisbanes short-stay resurgence and the 2032 Olympic Games infrastructure boom.
One of the citys most liveable and picturesque suburbs.
Manager's Residence:
A fully renovated ground-floor apartment offering comfortable, modern living.
Stylish kitchen and bathrooms, tiled throughout, air-conditioned.
Includes exclusive use of 9 carparks, with strong rental demand.
Why Invest in Shafston Towers?
Secure Income from a well-established permanent letting pool.
Growth Potential with scope to increase units under management.
Prestige Location offering lifestyle and capital growth upside.
Rare Bonus Assets nine rentable carparks and extra income streams.
Pricing Summary:
Management Rights:
- $80,879k core net income at 3.4x = $274k
- $12,246 additional carpark and external letting income at 3x = $36k
Total Business = $310k
Real Estate:
- Managers Unit $690k
- Carparks on title x9 = $100k
Total Real Estate = $790k
Total Sales Price - $1.1M
This is a tightly held, high-demand location opportunities like this dont last.
Contact Ras360 today to arrange an inspection or request a detailed information memorandum. Your trusted partner in accommodation business success.
** Ras360 Management Rights | Motels | Hotels | Pubs | Parks**
More Information
- Total Purchase Price: $1,100,000
- Net Income: $ 80,879
(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?