Kangaroo Point, Queensland

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

$2,680,843

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: 25 Feb 2024 22:00:18

Business Summary

Business Snapshot

Price: $2,680,843 Net Profit: $309,255

Managers Unit

Bedrooms: 2Bathrooms: 2Office: On Title

Complex Information

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

Enquire Now

Thank you, your enquiry has been sent now.

Listing Tools

Management Rights

Receive new listing alerts

Sign up
Similar Management Rights For Sale

You may also like

Exceptional Income Potential with Luxurious Residence - ID 8581
MR Sales
Exceptional Income Potential with Luxurious...

BROADBEACH

$2,695,000

Net Income: $372,263
Managers Estate: $1,025,000 3 Bed 3 Bath
Letting Pool: 68
Remuneration: $133,154

Noosaville  - Dual Key, Profitable and live offsite!   | Resort Brokers ID : MR008125
ResortBrokers
Noosaville - Dual Key, Profitable and live...

NOOSAVILLE

$2,600,000

Net Income: $315,783
Managers Estate: $1,100,000 3 Bed 2 Bath
Letting Pool: 17
Remuneration: $68,456

Beachside Resort - Mooloolaba, Sunshine Coast
1 Agency
Beachside Resort - Mooloolaba, Sunshine...

MOOLOOLABA

$2,670,000

Net Income: $339,346
Managers Estate: $975,000 2 Bed 2 Bath
Letting Pool: 24
Remuneration:

Well Established, Exceptional Permanent MR with High Net Profit & High BC Salary
Onsite Management Rights
Well Established, Exceptional Permanent MR...

BIGGERA WATERS

$2,828,954

Net Income: $403,519
Managers Estate: $690,000 3 Bed 2 Bath
Letting Pool: 146
Remuneration: $218,355

Under Contract - Mixed Letting Management Rights - ID 7901
MR Sales
Under Contract - Mixed Letting Management...

LABRADOR

Under Contract / Offer

Net Income: $465,362
Managers Estate: $660,000 1 Bed 1 Bath
Letting Pool: 158
Remuneration:

BROADBEACH HOLIDAY COMPLEX
Premier Business Sales
BROADBEACH HOLIDAY COMPLEX

BROADBEACH

$2,695,000

Net Income: -
Managers Estate: - - Bed - Bath
Letting Pool: -
Remuneration:

Exceptional Income Potential with Luxurious Residence - ID 8581
Family Hotel, Cootamundra NSW - 1P0382
A BUSINESS YOU WILL BE PROUD TO OWN - 2783ML
Easy Permanent with Big Body Corporate Salary $145K and 3% Annual Increase
Hotel in Daylesford Region - 1P5914
Permanent, Long term agreements, great salary, ideal location | Resort Brokers ID : MR008116
Acquire a Premier Resort LH- Newly Refurbished Suites with a Loyal Customer Base | Resort Brokers ID : LH008145
Price Drop - Compact Caretaking-Only MR in Brisbane's Inner-North | Resort Brokers ID : MRB008143
Leasehold interest of Quest Maitland perched on the Hunter River | Resort Brokers ID : LH008037
Hotel/motel, caravan park and a mail-sorting business - This FHGC has it all | Resort Brokers ID : FH008008
Simple, Neat and Tidy!
PERFECT PORTFOLIO ADDITION - CARETAKE THIS LUXURY KIRRA PROPERTY | Resort Brokers ID : MRC008134
Captivating Kauri Coast TOP 10 Holiday Park  A Thriving Gem!
Top Location Urgent Sale Cairns
Easy Business with High Income - ID 9126
Boutique NDIS Registered Provider  Gold Coast
Very Profitable Slice of NZ Paradise
Dunedin 21 Stylish Quiet Units - 2016 Full Reno