Kangaroo Point, Queensland

Low multiplier - Solid business in Brisbane CBD

Under Contract / Offer

Business 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

Business Summary

Business Snapshot

Price: Under Contract / Offer 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

0423 39....

Onsite Management Rights

Key Investment Insights

1. Highly sought-after inner city suburb with high rental demand by young professionals and families.
2. Close proximity to all amenities.
3. BC remuneration over 65% of the net income.
4. Luxury apartments building with river view and boat jetty.
5. Gardening, cleaning, and pool maintenance are not onsite manager's job, reducing workload for manager.
6. Manager only required to supervise body corporate contractor.
7. Low multiplier, indicating a good value for potential buyers.
8. Agreement of standard module, providing stability and consistency for the business.
9. Managers unit valued at $850,000 with 2 bedrooms, 2 bathrooms, and 3 car spaces.
10. Complex has 105 units with 21 in the letting pool, all of which are permanent units.
11. Agreement term remaining is 10 years, providing a long-term investment opportunity.
12. Complex amenities include an indoor pool and gym.

Management Rights Multiplier: 4.01
ROI Estimate: 24.93%