An exceptional opportunity awaits to acquire the management rights of a prime permanent complex located in the heart of Kangaroo Point. This well-maintained complex offers a unique blend of lifestyle, income, and growth potential.
Key Features:
• No Requirement to Live On-Site: Option to rent out the manager’s apartment for $30,000 annually (not included in P&L).
• Exclusive Use of Office: Benefit from the private and secure use of the on-site office.
• Flexible Tenancy Options: Currently, all units are on permanent leases, with the caretaking agreement allowing a transition to short-term rentals if desired, offering significant potential for increased revenue.
• Central Location with Stunning Views: Situated in the heart of Kangaroo Point, enjoy beautiful views and top-tier facilities in a sought-after area.
• Easy Management: The business is easily run by a single person, with the current manager outsourcing cleaning, pool maintenance, gardening, and lawn care for just $1,600 per month.
Financials:
• Manager’s Unit: $520,000
• Net Income: $259,279
• Business Price: $1,490,854
• Total Package: $2,010,854
This is a rare chance to invest in a management rights business that provides stability, growth potential, and an attractive lifestyle in one of Brisbane’s most vibrant precincts. Contact us today to learn more and secure this lucrative opportunity!
**Ras360 – Specialists in Management Rights | Motels | Hotels | Pubs | Parks**
