Management Rights For Sale Kangaroo Point - 10884

Kangaroo Point, Queensland

$882,500

Property Description

Business For Sale - Attention Southern Buyers Looking for a 'Q' Change - ID 9004 BL

- Brisbane Management Rights For Sale
- Kangaroo Point
- Permanent management rights complex
- 22 apartments with 6 in the letting pool
- Competent and cooperative Body Corporate
- Light duties - no pool or BBQ areas to maintain
- Generous 2 bedroom, 2 bathroom manager's residence with study and large outdoor entertaining area
- Plenty of time for lifestyle or extra earning opportunities

Kangaroo Point offers a genuine inner city Brisbane lifestyle only minutes from the CBD and the famous 'Gabba'. Just a short stroll away is the iconic Story Bridge Hotel or down to the river to catch a city cat and access the vibrant new Howard Smith Wharves precinct with riverside restaurants, Southbank, the Powerhouse, GOMA and much more that the river city has to offer.

Are you ready for a new lifestyle 'up here'?

Net Profit: $50,000
Asking Price: $882,500
(Inclusive of manager's real estate)

For further information or to arrange an inspection of this Brisbane Management Rights opportunity contact:

Exclusive Management Rights Broker
Peter Ross

Property Summary

Business Snapshot

Price: $882,500 Net Profit: $50,000 Remuneration / Body Corp Salary: $37,000Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $707,500Bedrooms: 2Bathrooms: 2Car Spaces: 2

Built in 2000, the manager’s apartment offers generous proportions: ducted air conditioning, two bedrooms, the master with ensuite and a separate full bathroom, large living spaces, a study and a LARGE outdoor entertaining area where you can enjoy the sub-tropical climate with family and friends. The apartment also includes two car accommodation.

Complex Information

Complex Type: PermanentTotal Units in Complex: 22Total Units in Letting Pool: 6Permanent Units: 6Owner Occupy Units: 13Outside Agent Units: 2Manager Units: 1Agreement Module: StandardAgreement Term: 10 yearsAgreement Term Remaining: 10 years