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INNER-BRISBANE SUPERBLY RUN PERMANENT MLR - NO REQUIREMENT TO LIVE ON-SITE | Resort Brokers ID : MR008769
$2,100,000
Permanent Management Rights, Kangaroo Point QLD
Be quick to book a time to inspect this magnificent management rights complex, a premium boutique-style development in one of Brisbanes most desirable riverfront suburbs, Kangaroo Point, minutes from the bustling CBD.
Comprised of 69 apartments, with 36 in the onsite letting pool. Offering strong net profit of circa $266k, including $131,585, solid body corporate salary. This complex is attractive to both the tenant and investor marketplace and the apartments have strong rental returns.
There is no set office hours, coupled with no on-site living requirements, offers unparalleled flexibility with upside, by returning the manager's apartment to the letting pool, creating additional income.
Run efficiently by the owner-operators, impeccably maintained, and with solid working BC committee relationships, this is truly an excellent business for any experienced owner-operator seeking to capitalise on a successfully managed complex.
- Premium building in a highly desired inner-city location
- No requirement to liveon-site and no set office hours
- Body Corporate Salary of $131,585
- Very manageable caretaking duties
- Modern building with 23 years tenure remaining on agreements
- Solid working relationships with the Body Corporate committee
- Only minutes away from Brisbane City/river, and elite privateschools
- Inspections are by appointment only
Date updated: 15 Jun 2025 23:00:04
More Information
- Total Purchase Price: $2,100,000
- Net Income: $ 266,813
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 620,000
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?