Kangaroo Point, Queensland

Under Contract / Offer

Property Description

Superb Lifestyle & Solid Income in Kangaroo Point | Resort Brokers ID : MR006611

We are pleased to present the opportunity to acquire the management rights and manager's apartment to Marquise Apartments, Kangaroo Point. With a solid net over $165K backed by secure long-term agreements and an easy workload, this business offers genuine work / life balance in a highly desirable inner-city location.



  • 44 apartments with 18 managed in on-site pool

  • Solid BC salary of $133,582 per annum (80% of NOP)

  • Lengthy 21 year tenure to agreements remaining

  • Very manageable workload, no set office hours (or office) to manage

  • Day to day duties are easily managed by the current management couple, with no external assistance

  • 13 level high-rise with entry foyer, secure underground parking, pool and heated spa

  • Majority of income comes from BC salary and letting

  • Scope for upside through additional income streams

  • Beautiful 3 bed / 2 bath manager's residence with huge wraparound courtyard

  • Great balance of lifestyle, location and secure income

  • Fantastic location in highly desirable, central Kangaroo Point


NB. All inspections by appointment only

Date updated: 12 May 2021 13:00:06

Property Summary

Business Snapshot

Price: Under Contract / Offer Net Profit: $167,000 Remuneration / Body Corp Salary: $133,582

Managers Unit

Value of Managers Apartment: $630,000Bedrooms: 3Bathrooms: 2

Complex Information

Complex Type: PermanentTotal Units in Complex: 44Total Units in Letting Pool: 18Holiday Units: 18Owner Occupy Units: 24Outside Agent Units: 2Agreement Term Remaining: 25 years

Marketing Agent


Marketing Agency

ResortBrokers

Tim Crooks
ResortBrokers

Phone

Listing Tools

Property Map

Map Location ( get directions )

Kangaroo Point, Queensland 4169 Exact map location not provided

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