Kangaroo Point, Queensland

Management Rights $958,500

Property Description

UNDER CONTRACT. Iconic building with expansive river and Storey Bridge views in the popular Kangaroo Point precinct - 1P4972MR

This very modern medium-rise building of 27 luxury apartments and townhouses is situated on the banks of the Brisbane River with eye-catching views to all points of the compass.

The complex presents in immaculate condition and is a credit to the Managers and pro-active on-site Committee. Easily run by one person with time to spare.

The Managers residence is modern, spacious and private.

TOTAL NUMBER OF UNITS : 27
UNITS IN LETTING POOL : 3 plus 2 units in adjoining building
MANAGERS RESIDENCE : 3 bedroom 2 bathroom modern Townhouse

NET PROFIT : $78,000
REAL ESTATE PRICE : $740,000
BUSINESS PRICE : $218,500
TOTAL ASKING PRICE : $958,500

Property Summary

Business Snapshot

Price: Management Rights $958,500 Net Profit: $78,000 Remuneration / Body Corp Salary: $58,313Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $740,000Bedrooms: 3Bathrooms: 2Car Spaces: 1Pets OK: Yes

Complex Information

Complex Type: PermanentTotal Units in Complex: 27Total Units in Letting Pool: 3Permanent Units: 3Owner Occupy Units: 24Manager Units: 1Agreement Module: StandardAgreement Term: 10 yearsAgreement Term Remaining: 9 yearsPool: YesGym: YesBBQ Area: YesMarina Berth: Yes

Other Features / Notes

A:MANAGEMENT RIGHTS, B:MANAGEMENT RIGHTS

Marketing Agent


Marketing Agency

CRE Brokers

Jim Prentice
CRE Brokers

Phone

Listing Tools

Property Map

Map Location ( get directions )

Kangaroo Point, Queensland 4169 Exact map location not provided

Similar Properties

Management Rights + Unit - Gold Coast Central - High Income, Minimal Gardening, Permanent Tenants!
New
Exclusive

SOUTHPORT
Management Rights + Unit - Gold Coast...

$870,000
Net Income: -
Managers Estate: - - Bed - Bath
Letting Pool: -
Remuneration:

Business Brokers Network Australia

CHEVRON ISLAND
Business For Sale - Surfers Paradise...

$810,000
Net Income: -
Managers Estate: - - Bed - Bath
Letting Pool: -
Remuneration:

MR Sales
Easily Managed, Modern Management Rights with Massive Upshot! | Resort Brokers ID : MR006447
Updated

KINGS BEACH
Easily Managed, Modern Management Rights...

$941,500
Net Income: $94,658
Managers Estate: $645,000 3 Bed 2 Bath
Letting Pool: 19
Remuneration: $46,515

ResortBrokers

WULGURU
GATED PERMANENT COMPLEX IN TOWNSVILLE, ONE...

$895,000
Net Income: -
Managers Estate: - - Bed - Bath
Letting Pool: -
Remuneration:

A B Brokers
POPULAR SCHOOL CATCHMENT ZONE AND POTENTIAL TO GROW LETTING BUSINESS
Exclusive

INDOOROOPILLY
POPULAR SCHOOL CATCHMENT ZONE AND POTENTIAL...

$830,000
Net Income: $65,000
Managers Estate: $550,000 2 Bed 2 Bath
Letting Pool: 13
Remuneration: $41,770

Shine Realty
Management Rights - Permanent Complex with 4 Bedroom Residence
Exclusive

ROBINA
Management Rights - Permanent Complex with...

$942,500
Net Income: -
Managers Estate: - - Bed - Bath
Letting Pool: -
Remuneration:

Business Brokers Network Australia