Kangaroo Point, Queensland

Permanent Complex in Kangaroo Point - over $250k net

Under Contract / Offer

Business Description

An exceptional opportunity awaits to acquire the management rights of a prime permanent complex located in the heart of Kangaroo Point. This well-maintained complex offers a unique blend of lifestyle, income, and growth potential.

Key Features:
• No Requirement to Live On-Site: Option to rent out the manager's apartment for $30,000 annually (not included in P&L).
• Exclusive Use of Office: Benefit from the private and secure use of the on-site office.
• Flexible Tenancy Options: Currently, all units are on permanent leases, with the caretaking agreement allowing a transition to short-term rentals if desired, offering significant potential for increased revenue.
• Central Location with Stunning Views: Situated in the heart of Kangaroo Point, enjoy beautiful views and top-tier facilities in a sought-after area.
• Easy Management: The business is easily run by a single person, with the current manager outsourcing cleaning, pool maintenance, gardening, and lawn care for just $1,600 per month.

Financials:
• Manager's Unit: $520,000
• Net Income: $259,279
• Business Price: $1,490,854
• Total Package: $2,010,854

This is a rare chance to invest in a management rights business that provides stability, growth potential, and an attractive lifestyle in one of Brisbane's most vibrant precincts. Contact us today to learn more and secure this lucrative opportunity!

**Ras360 – Specialists in Management Rights | Motels | Hotels | Pubs | Parks**

Business Summary

Business Snapshot

Price: Under Contract / Offer Net Profit: $259,279 Remuneration / Body Corp Salary: $126,715

Managers Unit

Value of Managers Apartment: $530,000Bedrooms: 1Bathrooms: 1Car Spaces: 1

Complex Information

Complex Type: PermanentTotal Units in Complex: 69Total Units in Letting Pool: 39Owner Occupy Units: 30Agreement Term: 25 yearsAgreement Term Remaining: 24 years

Marketing Agent

Robert Collins

0404 67....

Ras360

Key Investment Insights

1. Prime permanent complex located in the heart of Kangaroo Point.
2. Unique blend of lifestyle, income, and growth potential.
3. No requirement to live on-site, with option to rent out manager's apartment for additional income.
4. Exclusive use of on-site office for added security and privacy.
5. Flexible tenancy options, with potential for transition to short-term rentals.
6. Central location with stunning views and top-tier facilities.
7. Easy management with current manager outsourcing cleaning, pool maintenance, gardening, and lawn care.
8. Stable net income of over $250,000.
9. Manager's unit valued at $520,000.
10. Total package price of over $2 million.
11. Rare opportunity to invest in a management rights business in a sought-after area.
12. Specialists in management rights, motels, hotels, pubs, and parks.
13. Long agreement term of 25 years with 24 years remaining.
14. Large complex with 69 units, 39 in the letting pool and 30 owner-occupied units.

Management Rights Multiplier: 5.75
ROI Estimate: 17.39%