Kangaroo Point, Queensland

PERMANENT MID-SCALE MR ON BRISBANE RIVERFRONT WITH $500K+ NET PROFIT | Resort Brokers ID : MR008642

3550000

Business Description

This stunning complex is located directly on the riverfront in Brisbane; the permanent management and letting rights, plus associated real estate to Yungaba, in Kangaroo Point, offers incoming managers with a stable and secure business that's full established and easy to manage. Generating a net income of circa. $500,000 it offers an idyllic inner-city lifestyle, with views of the Story Bridge, city and beyond. The management rights to Yungaba would be best suited to an experienced two-person team or smaller private syndicate.

- Beautifully maintained mid-rise apartment complex with 167 units
- Brisbane river frontage in Kangaroo Point
- Lengthy tenure remaining on Caretaking and Letting Agreements
- Circa. 50 units in the on-site letting pool
- Office and storage areas provided under OA
- Growth potential via converting outside agents back into pool and through on-site unit sales
- No set hours but currently operating Mon-Fri 8.30am-4.30pm
- Manager is required to live on-site in one of the schemes
- Stunning 2 bed, 2 bath manager's unit - $850K
- Currently an employed property manager lives in the unit
- Property can be run by a two-person full time team with contractors for caretaking
- All inspections by appointment only
Date updated: 16 Mar 2025 22:00:06