Proudly supported by all of the industry's leading brokers
Prime Riverfront in Kangaroo Pointâ Profitable Management Rights with Massive Growth Potential!
$950K MR&$800k Unit = Total $1.750M
Permanent Management Rights, KANGAROO POINT QLD
Ras360 is delighted to offer an exclusive opportunity to acquire the management rights for two premium permanent complexes located in the thriving Kangaroo Point area, right across the street from each other. Situated along the picturesque Brisbane River, this unique investment includes:
Two Exceptional Properties: One riverfront complex boasting stunning views of the Brisbane River and the iconic Story Bridge. Combined, these properties feature 77 apartments, with 10 currently in the on-site letting pool and significant potential for income growth with additional units.
Prime Inner-City Location: Positioned just 4km from Brisbanes CBD, these properties offer an unbeatable lifestyle close to public transport, restaurants, and shopping. With Brisbanes short-stay market expanding and the 2032 Olympic Games on the horizon, this is an exceptional time to invest.
Solid Financials: Both complexes operate under standard module agreements recently topped up to full term, with strong relationships in place with body corporates ensuring income security. The business also enjoys a robust body corporate salary of $206,000 per annum, making it an attractive investment.
Managers Residence: The fully renovated managers residence features a spacious 2-bedroom, 2-bathroom ground-floor unit with modern tiling, updated kitchen and bathrooms, air conditioning, and a private courtyard. The property also includes convenient 9-car parking spaces.
Secure a profitable management rights business in one of Brisbanes most sought-after locations. Contact Ras360 today to discover this outstanding opportunity!
** Ras360 Property Solutions Specialists in Management Rights | Motels | Hotels | Pubs | Parks **
More Information
- Total Purchase Price: $950K MR&$800k Unit = Total $1.750M
- Net Income: $ 217,325
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 800,000
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?