Kangaroo Point, Queensland
Owner committed elsewhere, Taking Offers
$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 generation.
2. Business price $787,000 at 3.49x, overall sale package $1.577M including manager’s unit valued at $790,000.
3. Manager’s fully renovated 2 bed, 2 bath unit with private courtyard, air‑conditioning and 9 titled carparks on title, providing significant owner‑occupied value and income potential.
4. Dual‑complex model with 77 total units and a 10‑unit letting pool, offering diversified income and clear upside to expand the letting pool.
5. Agreement standard module with 8 years remaining, providing security of ongoing management income.
6. Reported ROI 14.29% plus, signalling an attractive yield for an investor operator.
7. Prime Kangaroo Point location, 4 km to Brisbane CBD, walking distance to ferry, cafes, schools and parklands, supporting strong tenant demand.
8. Spectacular Brisbane River and Story Bridge outlook, enhancing asset desirability and rental premium potential.
9. Low‑maintenance operations and exceptional body corporate relationships noted, reducing operational risk.
10. Nine secure carparks titled with the manager’s unit represent rare income‑generating extras and potential for additional revenue.
11. Recent comparable sales in the complexes include $1.47M and $3.00M, indicating robust local capital values and potential commission upside from real estate sales.
12. Owner committed elsewhere and taking offers, signalling vendor motivation and an opportunity for negotiation.
Management Rights Multiplier: 3.15
ROI Estimate: 31.75%
