Kangaroo Point, Queensland

Exceptional three-complex portfolio in prime Kangaroo Point - Net Over $720K | Resort Brokers ID : MR009299

$4,627,430 +$1.9M RE

Business Description

Exceptional three-complex portfolio occupies a prime Kangaroo Point location directly opposite the CBD. Underpinned by its blue-chip location and proactive management, with lengthy tenure remaining across all the complexes, this established permanent letting business has consistently delivered occupancy in excess of 99% throughout the year, reflecting the strength of the local rental market and the quality of the operation.

Held by the current owner for more than 13 years, the business has been professionally managed throughout, fostering strong, long-standing relationships with all three bodies corporate committees. The operation is offered to the market solely because the owner's business interests are focused elsewhere, presenting an outstanding opportunity to acquire a mature, stable, and highly regarded management rights business.

Financially, the business offers exceptional security, with an annual salary of $551,162 representing more than 75% of total net profit and benefiting from annual CPI-linked increases. A comprehensive Profit & Loss statement, prepared from actual trading figures by industry specialists and Chartered Accountants Holmans, is available to qualified purchasers, providing confidence in the quality and sustainability of the income stream.

Positioned in one of Brisbane's riverside most tightly held management rights precincts
Close to 400 apartments withinthe combined portfolio
Verified net profit of $723,136 per annum and BC salary circa $550,000 per annum offer excellent security.
Tenure ranges between 19 and 21 years on all agreements
Well-appointed two-bedroom manager's residences and separate office on freehold title - $1.9M
No requirement for the manager to reside onsite.
Ideal acquisitionfor owner-operators, syndicates, or investors to optimise the residential component to suit their preferred operating structure.
Incredible location witheasy access to the city via ferry or new pedestrian bridge to the CBD and Botanic Gardens.
This is a rare opportunity to secure a premium Brisbane management rights business with strong recurring income, outstanding occupancy, excellent committee relationships, and genuine long-term growth potential—attributes that will resonate with experienced operators and management rights syndicates seeking a quality, low-risk acquisition.
Date updated: 22 Jul 2026 17:16:18