Premier Riverfront High Netting Mixed-Use Management Rights - 4km from Brisbane | Resort Brokers ID : MR008255

$5,125,341

Resort / Holiday Management Rights, KANGAROO POINT QLD

ResortBrokers introduces the exclusive opportunity to acquire the Mixed-Use (Holiday/Permanent) Management Rights located in the thriving Kangaroo Point. This high-rise building complex, offering breathtaking views of Brisbane River and Story Bridge, comprises 100 apartments, 37 managed in the on-site letting pool.

With a robust body corporate salary, long agreement terms of 24+ years (successfully topped up), four freehold lots on title, and no requirement to live onsite, this investment offers flexibility and a strong financial foundation.

Unbeatable riverfront location only 4km from Brisbane CBD, it promises an enviable inner-city lifestyle, excellent business income, and long tenure on agreements. Capitalise on Brisbane's growing short-stay market and the upcoming 2032 Olympic Games. Contact us now!

- An iconic high-rise, offers 100 apartments with 37 managed in the on-site letting pool, making it a top choice for corporate/holiday and permanent stays in Brisbane.
- Proactive, supportive committee and recently renewed agreements, ensuring stability for over 24 years.
- Strong financial foundation with a body corporate salary of $232,827 per annum.
- Fourfreehold lots on title - a spacious three-bedroom unit, an office/reception, a meeting room, and a gymnasium.
- No requirements to live onsite providing flexibility for the management.
- Convenient access to local amenities such as restaurants, public transport, and city shopping and dining establishments, enhancing the appeal for guests and tenants.
- Timely investment opportunity with Brisbane's growing short-stay market and the upcoming 2032 Olympic Games, positioning it as arguably Brisbane's best holiday/permanent management rights business.
- Inspections are strictly by appointments only.
Date updated: 22 Dec 2024 22:00:03

More Information

Financial Overview

Total Purchase Price: $5,125,341
Net Income: $ 706,931 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 1,000,000
_{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: 37
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 45
_{Number of units resided in by their owners.}

Lock Ups: 2
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 15
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 100
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 232,827
_{This is the body corporate caretaker salary. It is included in the Net Income above.}

Agreement Term: 25 years
_{How long is the caretaking contract.}

Agreement Remaining: 24 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: Mon-Fri 9am-5pm, Sat 9am-3pm, Sun 9am-12pm
_{Required Office Hours}

Complex Features:

Real Estate Component

Manager's Unit: 3 2

Included Real Estate: $ 1,000,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 2

Office On Title: 0
_{Is there a manager's office included on the title?}

Pets: yes
_{Can the manager own a pet on site?}

Unit Features: A total of 4 lots on title: 3 bedroom unit, office, meeting room and gym