Kangaroo Point, Queensland

3 X MODERN, PERMANENT BRISBANE 'BUSINESS-ONLY' MR'S - $466K NET | Resort Brokers ID : MRB006674

$2,895,000

Property Description

ResortBrokers is delighted to present the rare opportunity to purchase the management and letting rights to three stunning permanent residential complexes in Brisbane, comprising over 250 apartments.



  • Offered for the first time to market

  • Three high-quality developments by renowned DevCorp

  • Total of 251 lots with 74 in the letting pool and 75 unsold

  • Combined Body Corporate Salaries of $360,000+ (3% annual increase)

  • Lengthy tenure (21 - 24 years) on Caretaking and Letting Agreements

  • Opportunity to grow the letting pool with 75 unsold lots

  • Clean profit and loss with scope to add subsidary income streams

  • Office / storage or maintenance shed at each complex under occupational authority

  • All complexes located in strong Brisbane suburbs


NB. All inspections by appointment only.

Date updated: 22 Jun 2021 15:00:04

Property Summary

Business Snapshot

Price: $2,895,000 Net Profit: $466,313 Remuneration / Body Corp Salary: $466,313

Managers Unit

Complex Information

Complex Type: PermanentTotal Units in Complex: 251Total Units in Letting Pool: 136Holiday Units: 136Agreement Term Remaining: 23 years
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