Kangaroo Point, Queensland

KANGAROO POINT'S PREMIER RIVERSIDE COMPLEX - $490K NET | Resort Brokers ID : MR008115

$3,725,000

Business Description

On offer exclusively by ResortBrokers is Yungaba, a large-scale management and letting rights business located in a stunning riverfront spot of Kangaroo Point. Offering the perfect balance of a fully established business that generates a large income, coupled with an idyllic lifestyle close to amenities, entertainment and employment nodes. Yungaba is an impressive and well-run multi-complex business that will suit an experienced operator.

- Beautifully maintained mid-rise apartment complex with 167 units
- Brisbane river frontage in Kangaroo Point
- Long tenure remaining on Agreements
- 55 units in the on-site letting pool
- Office and storage areas provided under OA
- Growth potential through converting outside agents back into pool
- No set hours but currently operating Mon-Fri 8.30am-4.30pm
- Manager is required to live on-site
- Spacious 2 bedroom / 2 bathroom manager's unit - $850K
- Property can be run by a two-person full time team with contractors for gardens & cleaning
- Enquire today with Alex or Jessie to find out more details

Date updated: 07 Apr 2024 23:00:18

Business Summary

Business Snapshot

Price: $3,725,000 Net Profit: $489,492 Remuneration / Body Corp Salary: $352,667

Managers Unit

Value of Managers Apartment: $850,000Bedrooms: 2Bathrooms: 2

Complex Information

Complex Type: PermanentTotal Units in Complex: 167Total Units in Letting Pool: 55Owner Occupy Units: 64Outside Agent Units: 29Agreement Term Remaining: 25 years
Marketing Agent
Listing location

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