KANGAROO POINT'S MOST DESIRABLE PERMANENT COMPLEX | Resort Brokers ID : MR008148

$1,265,115

Permanent Management Rights, KANGAROO POINT QLD

This is a lifestyle opportunity not to be missed! Management Rights operators seeking the perfect balance of Brisbane inner-city riverfront living backed by a stable annual income should be quick to inspect Silver Quays. A fantastic business to retire into, the stunning high-rise tower is home to a bespoke collection of 49 beautiful apartments and offers resort-style facilities to the residents.
ResortBrokers is delighted to offer to the market the management and letting rights plus associated real estate to Silver Quays, an iconic complex located on the riverfront at Kangaroo Point. Current owners have happily resided here for many years and are ready to move on to the next phase of their lives.

- Verified net profit of $126,046 p.a.
- 49 gorgeous apartments in the complex
- 8 permanent lettings in the pool
- No set office hours stipulated in agreements
- Elegant foyer entrance, secure parking& security system for complex
- On-site tennis court, swimming pool with spa, outdoor seating areas and sauna
- River access to private jetty
- Manager to own a lot, but can reside in any lot in the scheme
- Stunning 2 bed/ 2 bath / 2 car unit being sold with the business - $950K
- All inspections by appointment only

Date updated: 26 Jan 2025 22:00:02

More Information

Financial Overview

Total Purchase Price: $1,265,115
Net Income: $ 126,046 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 950,000
_{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.}

Letting Business

Letting Pool: 8
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 41
_{Number of units resided in by their owners.}

Lock Ups: 0
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 0
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 49
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 124,500
_{This is the body corporate caretaker salary. It is included in the Net Income above.}

Agreement Term: 10 years
_{How long is the caretaking contract.}

Agreement Remaining: 8 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 0 years
_{How long has the management rights existed.}

Office Hours: No set hours
_{Required Office Hours}

Complex Features: Tennis court, swimming pool with spa and outdoor seating areas. Elegant foyer entrance, secure parking&security system for complex