Kangaroo Point, Queensland

Easy-Care Kangaroo Point Permanent MLR - $198K Net, No onsite requirement! | Resort Brokers ID : MR009268

$1,861,025

Business Description

ResortBrokers presents a highly desirable permanent letting management rights opportunity in Kangaroo Point delivering circa $198,000 net profit anchored by a $95,775 body corporate salary supported by 21 years remaining on agreements.

The caretaking duties are refreshingly straightforward with minimal building facilities to oversee - NO swimming pool, only a single BBQ. The absence of fixed office hours provides exceptional operational flexibility and the office under occupational authority ensures professional convenience.

Notably, there is no requirement to live onsite in the manager's (2 bed, 2 bath + study) unit, which is presently leased generating an additional annual income of circa $35,000 which is not factored into the overall net profit.

The opportunity to convert the 18 outside agent appointments back into the onsite letting pool presents clear upside for an incoming operator.

This impeccably maintained and modern apartment complex presents a solid business opportunity suited for seasoned industry professionals seeking to expand their portfolio or a first-time buyer seeking a secure, low-maintenance business.

- Long agreement terms with 21 years remaining providing operational security and income stability.
- Net profit circa $198,000 underpinned by $95,775 body corporate salary.
- No requirement to reside with manager's unit generating circa $35,000 per annum in additional rental income.
- Highly desirable inner-city rental location with strong demand from professionals and proximity to Brisbane CBD.
- Easily manageable caretaking duties with no swimming pool and minimal gardening requirements.
- Suitable for first-time buyers or experienced operators seeking a low-maintenance addition to existing portfolios.
- Flexible operations with no set office hours and onsite office under occupational authority.
- Inspection by appointment only.
Date updated: 12 Jul 2026 23:00:08

Business Summary