Exceptional Business-Only - Kangaroo Point Permanent MLR - $400K+ NOP | Resort Brokers ID : MRB009222
Permanent Management Rights for Sale in Kangaroo Point, QLD — $2,600,000
Key facts
- Price
- $2,600,000
- Location
- Kangaroo Point, QLD 4169
- Type
- Permanent Management Rights
- Net income
- $401,779 (actual)
- Caretaking remuneration
- $191,633
- Units in letting pool
- 59
- Total units in complex
- 154
- Agreement term (years)
- 25
- Agreement remaining (years)
- 23
- Office hours
- No fixed office hours
- Listed by
- Resort Brokers
- Listing ID
- 21180204
- Last updated
- 2026-11-01
Description
This modern apartment building complex delivers a verified net profit of $401,779 trading on an attractive multiplier with no manager's unit to purchase, no office hours and no onsite residence requirement.<br />
<br />
With no fixed office hours, established contractor networks handling common area cleaning, and proven systems in place, this operation suits both established operators seeking a bolt-on acquisition and newcomers requiring operational flexibility.<br />
<br />
Offering 59 units in the letting pool with a further 35 units managed by outside agents presenting clear conversion upside. <br />
<br />
With the upcoming Olympic Games, this complex was purposefully built with 15 Duel-Key units (fully furnished) which could be converted to short-term/holiday letting. <br />
<br />
Located in the thriving Kangaroo Point, only minutes drive to various prestigious private schools such as Churchie, Brisbane Grammar School, Sommerville House, St Josephs, etc.<br />
<br />
The complex sits within a thriving metropolitan hub with strong employment drivers including proximity to the Brisbane CBD, major hospitals and universities.<br />
<br />
<br />
- <br />
Verified high net profit of $401,779<br />
<br />
- Business-only opportunity with no manager's unit purchase and no onsite residence requirement<br />
- <br />
No fixed office hours with onsite office and multiple storage areas under occupational authority for the manager to use exclusively<br />
<br />
- <br />
Potential to convert to short-term/holiday letting<br />
<br />
- <br />
Located in high-demand metropolitan hub in Kangaroo Point with strong employment drivers and CBD proximity<br />
<br />
- <br />
Easily manageable caretaking duties<br />
<br />
- Inspection by appointment only<br />
Date updated: 01 Nov 2026 23:00:06
<br />
With no fixed office hours, established contractor networks handling common area cleaning, and proven systems in place, this operation suits both established operators seeking a bolt-on acquisition and newcomers requiring operational flexibility.<br />
<br />
Offering 59 units in the letting pool with a further 35 units managed by outside agents presenting clear conversion upside. <br />
<br />
With the upcoming Olympic Games, this complex was purposefully built with 15 Duel-Key units (fully furnished) which could be converted to short-term/holiday letting. <br />
<br />
Located in the thriving Kangaroo Point, only minutes drive to various prestigious private schools such as Churchie, Brisbane Grammar School, Sommerville House, St Josephs, etc.<br />
<br />
The complex sits within a thriving metropolitan hub with strong employment drivers including proximity to the Brisbane CBD, major hospitals and universities.<br />
<br />
<br />
- <br />
Verified high net profit of $401,779<br />
<br />
- Business-only opportunity with no manager's unit purchase and no onsite residence requirement<br />
- <br />
No fixed office hours with onsite office and multiple storage areas under occupational authority for the manager to use exclusively<br />
<br />
- <br />
Potential to convert to short-term/holiday letting<br />
<br />
- <br />
Located in high-demand metropolitan hub in Kangaroo Point with strong employment drivers and CBD proximity<br />
<br />
- <br />
Easily manageable caretaking duties<br />
<br />
- Inspection by appointment only<br />
Date updated: 01 Nov 2026 23:00:06