Kangaroo Point, Queensland

Low multiplier - Solid business in Brisbane CBD

$1,650,000

Property Description

• Highly sought-after inner city suburb
• Close to all amenities
• BC remuneration over 65% of the net income
• Luxury apartments building with river view and boat jetty
• Gardening, cleaning, and pool maintenance are not onsite manager's job. Manager is only required to supervise body corporate contractor.
• High rental demand by young professionals and families
• Low multiplier - vendor keen to sell
• Agreement of standard module

Property Summary

Business Snapshot

Price: $1,650,000 Net Profit: $199,463 Remuneration / Body Corp Salary: $125,452

Managers Unit

Value of Managers Apartment: $850,000Bedrooms: 2Bathrooms: 2Car Spaces: 3

Complex Information

Complex Type: PermanentTotal Units in Complex: 105Total Units in Letting Pool: 21Permanent Units: 21Agreement Term Remaining: 10 yearsIndoor Pool: YesGym: Yes
Marketing Agent
Grace Pang
Grace Pang

Onsite Management Rights

Onsite Management Rights

Listing location
Gallery

Enquire Now

Thank you, your enquiry has been sent now.

Listing Tools

Management Rights

Receive new listing alerts

Sign up
Similar Properties

You may also like

ICONIC RESORT ON QUEENSLAND’S CORAL COAST with a 25 year term remaining  | Resort Brokers ID : MRB007061
ResortBrokers
ICONIC RESORT ON QUEENSLAND’S CORAL COAST...

BARGARA

$1,583,033

Net Income: $307,787
Managers Estate: - - Bed - Bath
Letting Pool: 43
Remuneration:

Burleigh Heads mixed letting business with loads of upside! Inspect today! | Resort Brokers ID : MR007055
ResortBrokers
Burleigh Heads mixed letting business with...

BURLEIGH HEADS

$1,775,000

Net Income: $229,371
Managers Estate: $875,000 3 Bed 2 Bath
Letting Pool: 69
Remuneration: $99,654

Solid ROI, Great BC Salary & A Grade location! | Resort Brokers ID : MR006919
ResortBrokers
Solid ROI, Great BC Salary & A Grade loc...

CURRUMBIN

$1,750,000

Net Income: $211,538
Managers Estate: $750,000 3 Bed 2 Bath
Letting Pool: 78
Remuneration: $94,986

Rare MR in Calamvale with 220k Net Profit!
Onsite Management Rights
Rare MR in Calamvale with 220k Net Profi...

CALAMVALE

Expression Of Interest

Net Income: $217,755
Managers Estate: $500,000 3 Bed 2 Bath
Letting Pool: 36
Remuneration: $120,855

Absolute Beachfront Resort Complex
QTHB
Absolute Beachfront Resort Complex

MACKAY

Management Rights $1,595,000

Net Income: $254,222
Managers Estate: $700,000 3 Bed 1 Bath
Letting Pool: -
Remuneration: $139,000

Business For Sale - Why go on holiday when you can live here? - ID 9029 BL
MR Sales
Business For Sale - Why go on holiday when...

POINT LOOKOUT

$1,725,000

Net Income: $265,996
Managers Estate: $700,000 2 Bed 1 Bath
Letting Pool: 27
Remuneration: $75,000

Sought after leasehold motel business in Mid North Coast regional centre
Swansea Motor Inn - 1P5441
Only 750m to this Sunshine/Cooloola Coast City's Major Hospital - 1P5442M
RESORT OPPORTUNITY ABSOLUTE BEACHFRONT!! 457K Net profit.
SAPPHIRE COAST LEASEHOLD MOTEL WITH MAGNIFICENT VIEWS | Resort Brokers ID : LH007076
Waterfront Off The Plan MR on the Redcliffe Peninsula - $338K projected net | Resort Brokers ID : OTP007090
Bullet proof Warwick performer | Resort Brokers ID : LH007088
High performing holiday letting business in boom Southern GC location! | Resort Brokers ID : MR007084
1838ML - GATEWAY TO THE GRAMPIANS GEM
27 High Quality Rooms with Huge 3 Bedroom/2 Bathroom Residence Overlooking the Golf Club Fairways - 1P5440M
STUNNING MANAGEMENT RIGHTS COMPLEX IN THE HEART OF MOOLOOLABA.
Outstanding 25 room Freehold Motel in Biloela | Resort Brokers ID : FH007086
New Lease on Large Tourist and Cabin Park in a popular tourist destination | Resort Brokers ID : LH007083
Brand new 30 yr lease - 41 room fully refurbished regional motel and restaurant | Resort Brokers ID : LH007078
Fully refurbished, 41 Room Freehold Motel located in major regional centre in SA | Resort Brokers ID : FH007077
Business For Sale - The Perfect Beachside Location - ID 9042 BL
Business For Sale - Rare Opportunity in Prime Location - ID 9043 BL
UNIQUE MANAGEMENT RIGHTS IN HERVEY BAY WITH SOLID ROI | Resort Brokers ID : MR007060