Taringa, Queensland

First Time in 20 Years: Management Rights for Sale at Taringa

$900K MR & $1.095M Unit = Total $1.995M

Business Description

An exceptional opportunity has arisen to acquire the management rights to Kingshome Apartments in Taringa, offered for the first time in two decades as the current manager retires after a successful tenure.

Key Highlights include:

Outstanding Body Corporate: Enjoy a smooth operation with no issues and a manageable workload.

Prime Location: Nestled in a premium hilltop suburb in Brisbane's West, Kingshome Apartments boast extensive city views and proximity to some of Queensland's top schools and sporting facilities. Just a short distance from UQ and the river.

Beautiful Manager's Residence: A spacious ground floor 3-bedroom apartment spanning 151 sqm, featuring a large courtyard perfect for pets. The third bedroom is converted into an office, secured on title.

Luxury and Convenience: This high-end complex is close to private and state schools, two major shopping centres, and well-connected by rail and bus.
Financials:

- Nett Profit: $197k with newly topped-up agreements to full term.
- Business Price: $900k @ 4.56x multiple.
- Unit Price: $1.095M.
- Total Price: $1.995M.

Don’t miss this rare chance to step into a well-established, profitable business in a sought-after location. For more details, contact us today!

**Ras360 – Specialists in Management Rights | Motels | Hotels | Pubs | Parks**

Business Summary

Business Snapshot

Price: $900K MR & $1.095M Unit = Total $1.995M Net Profit: $197,000 Remuneration / Body Corp Salary: $156,098

Managers Unit

Value of Managers Apartment: $1,095,000Bedrooms: 3Bathrooms: 2Car Spaces: 2

Complex Information

Complex Type: PermanentTotal Units in Complex: 68Total Units in Letting Pool: 11Owner Occupy Units: 53Outside Agent Units: 4Agreement Term: 10 yearsAgreement Term Remaining: 10 years
Marketing Agent
Robert Collins
Robert Collins

Nathan Eades
Nathan Eades

Key Investment Insights

1. Rare opportunity to acquire a management rights business in Taringa, offered for the first time in 20 years.
2. Smooth operation with no issues and a manageable workload due to an outstanding body corporate.
3. Prime location in a premium hilltop suburb with extensive city views and proximity to top schools and sporting facilities.
4. Spacious and luxurious manager's residence with a large courtyard and converted office.
5. Close to private and state schools, shopping centres, and well-connected by rail and bus.
6. Nett profit of $197,000 with newly topped-up agreements to full term.
7. Business price of $900,000 with a 4.56x multiple.
8. Unit price of $1.095 million, bringing the total price to $1.995 million.
9. Specialists in management rights, motels, hotels, pubs, and parks.
10. Permanent complex with 68 units, 11 in the letting pool, and 53 owner-occupied units.
11. Agreement term of 10 years with 10 years remaining.

Management Rights Multiplier: 4.57
ROI Estimate: 21.89%

Listing location
Gallery

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