Kangaroo Point, Queensland

Motivated Seller, Make an offer

Make an offer

Business Description

The owner is committed elsewhere, make an offer for this outstanding lifestyle and investment opportunity in Brisbane’s prestigious Kangaroo Point.

RAS360° is proud to present the management rights to two premium, riverfront residential complexes. This is a rare chance to secure a high-performing business in one of Brisbane’s most desirable inner-city locations—just 4km from the CBD with stunning Story Bridge and Brisbane River views.

The Business:
Two permanent complexes, 77 total apartments
10 units in the letting pool with strong potential to grow
Net income of $213,178 + $12,246 in external/carpark income
Solid salary of $209,000 p.a.

Manager’s Residence
A modern, renovated 2-bed, 2-bath ground-floor unit with updated kitchen and bathrooms, private courtyard, air-conditioning, and 9 secure carparks on title—a rare and valuable inclusion that generate extra income.

Total Package:
Real Estate (unit + carparks): $790,000
Management Rights: By negotiation
Total from: Genuine offers only

Contact RAS360° today to arrange an inspection.

RAS360° – Specialists in Management Rights, Motels, Hotels, Pubs & Parks
Your trusted partner in accommodation business success.

Business Summary

Business Snapshot

Price: Make an offer Net Profit: $225,424 Remuneration / Body Corp Salary: $209,740

Managers Unit

Value of Managers Apartment: $790,000Bedrooms: 2Bathrooms: 2Car Spaces: 9

Complex Information

Complex Type: PermanentTotal Units in Complex: 77Total Units in Letting Pool: 10Owner Occupy Units: 67Agreement Term: 10 yearsAgreement Term Remaining: 8 years

Marketing Agent

Joel McCartin

0407 83....

Nathan Eades

0448 33....

Ras360

Key Investment Insights

1. The business for sale consists of two premium, riverfront residential complexes in Brisbane's prestigious Kangaroo Point.
2. The owner is committed elsewhere and is motivated to sell, making this an outstanding lifestyle and investment opportunity.
3. The complexes are located just 4km from the CBD and offer stunning Story Bridge and Brisbane River views.
4. There are a total of 77 apartments in the complexes, with 10 currently in the letting pool and potential for growth.
5. The net income for the business is $213,178, with an additional $12,246 in external/carpark income.
6. The manager's residence is a modern, renovated 2-bed, 2-bath unit with a private courtyard, air-conditioning, and 9 secure carparks on title.
7. The total package includes the real estate (unit + carparks) for $790,000 and the management rights, which are open to negotiation.
8. The business is being offered for sale through genuine offers only.
9. RAS360° is a trusted partner in accommodation business success and specializes in management rights, motels, hotels, pubs, and parks.
10. The complex is a permanent type with a total of 77 units, 10 of which are in the letting pool and 67 owner-occupied units.
11. The agreement term is 10 years with 8 years remaining.

Management Rights Multiplier: 3.15
ROI Estimate: 31.75%