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: 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.
2. Close proximity to all amenities.
3. BC remuneration over 65% of the net income, indicating a profitable business.
4. Luxury apartments with river view and boat jetty, appealing to potential tenants.
5. Gardening, cleaning, and pool maintenance are not the onsite manager's job, reducing workload and increasing efficiency.
6. Manager is only required to supervise body corporate contractor, allowing for more flexibility in managing the business.
7. Low multiplier, indicating a good value for the business.
8. Agreement of standard module, providing stability and consistency in management.
9. Managers unit valued at $850,000, providing potential for capital growth.
10. Complex type is permanent, providing a stable and consistent income stream.
11. Indoor pool and gym facilities, adding value to the complex and appealing to potential tenants.
12. 10 years remaining on the agreement term, providing long-term stability for the business.

Management Rights Multiplier: 4.01
ROI Estimate: 24.93%