Kangaroo Point, Queensland

Under Contract / Offer

Property Description

Business For Sale - Sought After Short Term Letting in Brisbane - ID 8712 BL

Rarely Available - Same Management for Past 17 Years

- Brisbane river management rights for sale
- Adjacent to river and the iconic Story Bridge Hotel
- Huge upside still available for the savvy operator
- Excellent mixture of studio, one, two and three bedroom apartments
- Building recently painted externally and internally
- Three bedroom managers accommodation, separate office and reception, meeting room and gymnasium. 4 titles, valued at $880,000
- Resort style pool and spa, sauna, security parking
- Ideal family or partnership opportunity

Confidentiality Conditions Apply

Net Profit: $555,788
Asking Price: $3,820,000
(inclusive of manager's real estate)

For further information on this Brisbane management rights opportunity contact Jake Clarke or Warren Oliver


Property Summary

Business Snapshot

Price: Under Contract / Offer Net Profit: $555,788 Remuneration / Body Corp Salary: $159,234

Managers Unit

Value of Managers Apartment: $880,000Bedrooms: 3Bathrooms: 1Car Spaces: 1

Complex Information

Complex Type: CorporateTotal Units in Complex: 103Total Units in Letting Pool: 46Holiday Units: 46Owner Occupy Units: 32Outside Agent Units: 22Agreement Module: AccommodationAgreement Term: 20 yearsAgreement Term Remaining: 20 yearsPool: YesSpa: YesSauna: YesGym: YesBBQ Area: Yes

Marketing Agent

Marketing Agency

MR Sales

Jake Clarke
MR Sales


Listing Tools

Property Map

Map Location ( get directions )

Kangaroo Point, Queensland 4169 Exact map location not provided

Similar Properties

PRICE REDUCED! Incredible Net Profit in...

Offers Over $3,800,000
Net Income: $731,370
Managers Estate: $430,000 2 Bed - Bath
Letting Pool: 41
Remuneration: $59,241

RAAS Group