Kangaroo Point, Queensland

PRIME INNER-CITY PERMANENT RIGHTS WITH STRONG NET AND GROWTH POTENTIAL | Resort Brokers ID : MR009319

$2.602M BUS + $1.3M RE

Business Description

This stunning complex is located directly on the riverfront in Brisbane and is well-established as a permanent management rights business. It offers incoming managers a stable and secure business that's easy to manage and generates a net income over $500,000 per annum supported by a strong body corporate salary close to $400,000.

This management rights will be best suited to an experienced two-person team to run efficiently and with a hands-on approach there is good upside to revenue and the opportunity to convert currently external agents being used back into the onsite letting pool.

- Beautifully maintained mid-rise apartment complex with 167 units
- Brisbane river frontageoverlooking iconic Story Bridge and Brisbane city
- Good tenureremaining 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 - $1.3M
- 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: 17 Aug 2026 23:00:02

Business Summary