Kangaroo Point, Queensland

Exceptional Business-Only - Kangaroo Point Permanent MLR - $400K+ NOP | Resort Brokers ID : MRB009222

$2,600,000

Business Description

This modern apartment building complex delivers a verified net profit of $401,779 trading on an attractive multiplier with no manager's unit to purchase, no office hours and no onsite residence requirement.

With no fixed office hours, established contractor networks handling common area cleaning, and proven systems in place, this operation suits both established operators seeking a bolt-on acquisition and newcomers requiring operational flexibility.

Offering 59 units in the letting pool with a further 35 units managed by outside agents presenting clear conversion upside.

With the upcoming Olympic Games, this complex was purposefully built with 15 Duel-Key units (fully furnished) which could be converted to short-term/holiday letting.

Located in the thriving Kangaroo Point, only minutes drive to various prestigious private schools such as Churchie, Brisbane Grammar School, Sommerville House, St Josephs, etc.

The complex sits within a thriving metropolitan hub with strong employment drivers including proximity to the Brisbane CBD, major hospitals and universities.

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Verified high net profit of $401,779

- Business-only opportunity with no manager's unit purchase and no onsite residence requirement
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No fixed office hours with onsite office and multiple storage areas under occupational authority for the manager to use exclusively

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Potential to convert to short-term/holiday letting

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Located in high-demand metropolitan hub in Kangaroo Point with strong employment drivers and CBD proximity

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Easily manageable caretaking duties

- Inspection by appointment only
Date updated: 29 May 2026 23:00:01

Business Summary