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

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