Kangaroo Point, Queensland
Premier Riverfront High Netting Mixed-Use Management Rights - 4km from Brisbane | Resort Brokers ID : MR008255
Under Contract / Offer
Business Description
ResortBrokers introduces the exclusive opportunity to acquire the Mixed-Use (Holiday/Permanent) Management Rights located in the thriving Kangaroo Point. This high-rise building complex, offering breathtaking views of Brisbane River and Story Bridge, comprises 100 apartments, 37 managed in the on-site letting pool.
With a robust body corporate salary, long agreement terms of 24+ years (successfully topped up), four freehold lots on title, and no requirement to live onsite, this investment offers flexibility and a strong financial foundation.
Unbeatable riverfront location only 4km from Brisbane CBD, it promises an enviable inner-city lifestyle, excellent business income, and long tenure on agreements. Capitalise on Brisbane's growing short-stay market and the upcoming 2032 Olympic Games. Contact us now!
- An iconic high-rise, offers 100 apartments with 37 managed in the on-site letting pool, making it a top choice for corporate/holiday and permanent stays in Brisbane.
- Proactive, supportive committee and recently renewed agreements, ensuring stability for over 24 years.
- Strong financial foundation with a body corporate salary of $232,827 per annum.
- Fourfreehold lots on title - a spacious three-bedroom unit, an office/reception, a meeting room, and a gymnasium.
- No requirements to live onsite providing flexibility for the management.
- Convenient access to local amenities such as restaurants, public transport, and city shopping and dining establishments, enhancing the appeal for guests and tenants.
- Timely investment opportunity with Brisbane's growing short-stay market and the upcoming 2032 Olympic Games, positioning it as arguably Brisbane's best holiday/permanent management rights business.
- Inspections are strictly by appointments only.
Date updated: 01 Dec 2024 22:00:06
Business Summary
Business Snapshot
Price: Under Contract / Offer
Net Profit: $706,931 Remuneration / Body Corp Salary: $232,827
Managers Unit
Value of Managers Apartment: $1,000,000Bedrooms: 3Bathrooms: 2Complex Information
Complex Type: Resort / HolidayTotal Units in Complex: 100Total Units in Letting Pool: 37Owner Occupy Units: 45Outside Agent Units: 15Lockup Units: 2Agreement Term Remaining: 24 years