Kangaroo Point, Queensland
Prime Riverside Location Business-Only with Strong Returns and No Real Estate | Resort Brokers ID : MRB009146
$691,155
Business Description
Silver Quays delivers a rare combination of stability, efficiency and lifestyle in one of Brisbane's most coveted riverside locations. This business-only opportunity requires no real estate purchase, ensuring superior capital efficiency and a lower entry threshold for astute operators.
The stable income of circa $138,000 annually includes a body corporate salary of $129,395 plus an additional $18,720 from minimal caretaking duties at an adjacent building - not included in our Net Operating Profit for Sale.
With no set office hours and a highly manageable workload across 49 apartments, this permanent complex offers exceptional flexibility for owner-operators seeking work-life balance.
Iconic permanent MR complex overlooking Brisbane River.
High-rise complex with resortstyle recreational amenties that attract strong rents $795-$1250 per week.
Body Corporate salary of $129,395 p.a.
49 apartments with 5 in the onsite letting pool.
No set office hours and 10 year standard module agreements.
Additional $18,700 income via caretaking salary of next door building.
Foyer entry to reception desk and back office for ease of management.
Inspections by appointment only.
Date updated: 27 Mar 2026 22:00:02
Business Summary
Business Snapshot
Price: $691,155
Net Profit: $138,231 Remuneration / Body Corp Salary: $129,395
Complex Information
Complex Type: PermanentTotal Units in Complex: 49Total Units in Letting Pool: 5Owner Occupy Units: 42Outside Agent Units: 2Agreement Term Remaining: 10 years