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, ROI quoted 14.29%+.
2. Asking structure $1.577M total, split $787k for management rights and $790k for the 2‑bed manager’s unit, business sold at 3.49x net.
3. Manager’s unit fully renovated, 2 beds, 2 baths, private courtyard, air conditioning, live onsite opportunity.
4. Unit includes 9 titled carparks, providing rare additional income-producing assets.
5. Dual-complex model covering 77 total units, offering diversified income streams across two complexes.
6. Letting pool currently 10 units with stated strong potential to expand and increase rental income.
7. Agreement is a standard module with eight years remaining, providing term security for incoming operator.
8. Prime inner-city Kangaroo Point location, approximately 4 km to Brisbane CBD, strong capital growth precinct.
9. Spectacular river and Story Bridge outlook, walking distance to ferry, cafes, schools and parklands, strong lifestyle appeal for residents and managers.
10. Recent nearby sales cited as high comparables, Shafston Towers $1.47M and Mon Reve $3.00M, indicating strong local capital values and potential real estate commissions.
11. Advertised strengths include scale, low-maintenance operations and exceptional body corporate relationships, signalling operational stability.
12. Owner currently committed elsewhere and taking offers, implying availability and potential for a timely transaction.
Management Rights Multiplier: 3.15
ROI Estimate: 31.75%
