Kangaroo Point, Queensland

Profitable Permanent MLR in Kangaroo Point reaps over $300K Net Profit | Resort Brokers ID : MR008069

Under Contract / Offer

Business Description

ResortBrokers presents the management rights to a reputable and high quality inner-city apartment complex, Liberte to market. Boasting a strong net profit with high Body Corporate salary, coupled with 22 years remaining on Caretaking and Letting Agreements, along with upside opportunity, this investment is the perfect match for an astute operator to acquire!

- Prominent, permanent run complex with low maintenance recreational facilities.
- Modern mid-rise building with 113 units and 50 in the on-site letting pool
- Upside potential for active managers via conversion of outside agents and R&M
- No requirement to live on-site, and no set office hours
- Lengthy 22 years remaining on Caretaking and Letting Agreements
- Body Corporate salary represents over 57% of net income
- Verified net profit by industry accountants of $309,255 p.a.
- Fantastic detached 27sqm office on title with street level entrance
- Luxury 1st level 2 b / 2 b manager's unit rented and earning $30K p.a. income
- Manager must own freehold office / unit lot - sale price $748,000
- All inspections by appointment only



Date updated: 09 Jun 2024 23:00:12

Business Summary

Business Snapshot

Price: Under Contract / Offer Net Profit: $309,255

Managers Unit

Office: On Title

Complex Information

Complex Type: PermanentTotal Units in Complex: 113Total Units in Letting Pool: 50
Marketing Agent
Listing location

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