Kangaroo Point, Queensland
Great Combo Deal with Massive Nett $224k
$1.577M : $787k MR & $790k Unit
Business Description
Dual-Complex Inner-City Management Rights – $225K Nett & Rare Income-Generating Extras
Live Onsite in a Fully Renovated 2-Bed Unit | Inner-City Lifestyle | Strong Upside Potential
💼 Business Snapshot
💰 Net Profit: $225,424 p.a
💰 Business Price: $787,000 at 3.49x
🏡 Manager’s Unit: $790k for 2 Bed | 2 Bath | Renovated | Private Courtyard | 9 Secure Carparks on Title
🔑 Total Units Across Complexes: 77
🔑 Letting Pool: 10 units (strong potential to expand)
🏢 Agreement Term: 8 years remaining (Standard Module)
📈 ROI: 14.29%+
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current owners do not sell
ADD REAL ESTATE SALES
Most recent Sale in Shafston Towers $1.47M
Most recent Sale in Mon Reve $3.00M (05/2024)
Potential Commission $$$$$$
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🌉 Why This Opportunity Stands Out
This dual-complex business offers scale, security and lifestyle in a tightly held inner-city pocket. With stunning river and city views, stable income, and multiple value-add opportunities, this is an ideal investment for an experienced operator or ambitious newcomer.
📍 Prime Kangaroo Point Location
Just 4km to Brisbane CBD
Spectacular Brisbane River & Story Bridge outlook
Walking distance to ferry, cafes, schools and parklands
High-demand rental precinct with strong capital growth
🏠 Manager’s Residence – Rare Value
Fully renovated with modern kitchen and bathrooms
Private courtyard and air-conditioning
Includes 9 titled carparks – rare income-producing asset
✅ Investment Highlights
Dual-complex model = diversified income
High nett return with low-maintenance operations
Potential to grow the letting pool
Exceptional body corporate relationships
📞 Contact Joel McCartin today for the Information Memorandum or to arrange a private inspection.
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Business Summary
Business Snapshot
Price: $1.577M : $787k MR & $790k Unit
Net Profit: $225,424 Remuneration / Body Corp Salary: $209,740
Managers Unit
Value of Managers Apartment: $790,000Bedrooms: 2Bathrooms: 2Car Spaces: 9Complex Information
Complex Type: PermanentTotal Units in Complex: 77Total Units in Letting Pool: 10Owner Occupy Units: 67Agreement Term: 10 yearsAgreement Term Remaining: 8 years
Key Investment Insights
1. Net profit $225,424 p.a, remuneration/body corporate salary $209,740, indicating strong cashflow for owner-operator.
2. Business price $787,000 for management rights, total package price $1.577M including $790,000 manager’s unit.
3. Manager’s unit fully renovated 2 bed 2 bath with private courtyard, air conditioning, and nine titled carparks, providing onsite living and significant ancillary income potential.
4. Dual-complex structure covering 77 total units, offering diversified income streams across two complexes.
5. Letting pool currently 10 units with clear upside potential to expand the letting pool and increase management income.
6. Agreement term standard module with eight years remaining, providing medium-term contractual security.
7. Stated ROI 14.29%+, and sale multiple of 3.49x based on listed net profit, signalling attractive yield for investors.
8. Prime Kangaroo Point location 4 km from Brisbane CBD, with river and Story Bridge views, high-demand rental precinct and close walk to ferry, cafes, schools and parklands.
9. Nine secure carparks on title with the manager’s unit, representing rare income-generating assets in an inner-city market.
10. Recent nearby residential sales cited as high comps, Shafston Towers $1.47M and Mon Reve $3.00M (05/2024), supporting strong capital values in the area and potential commission opportunities from real estate sales.
11. Seller notes exceptional body corporate relationships and low-maintenance operations, implying smoother management and operational stability.
Management Rights Multiplier: 3.15
ROI Estimate: 15.03%
