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Kangaroo Point QLD 4169
Sold on 18 Jun 2024

Kangaroo Point QLD 4169

  • Hotel, Motel, Pub & Leisure
  • Sold

Profitable Permanent MLR in Kangaroo Point reaps over $300K Net Profit | Resort Brokers ID : MR008069

    ResortBrokers presents the management rights to a reputable and high quality inner-city apartment complex, Liberte to market. Boasting a strong net profit with high Body Corporate salary, coupled with 22 years remaining on Caretaking and Letting Agreements, along with upside opportunity, this investment is the perfect match for an astute operator to acquire!

    - Prominent, permanent run complex with low maintenance recreational facilities.
    - Modern mid-rise building with 113 units and 50 in the on-site letting pool
    - Upside potential for active managers via conversion of outside agents and R&M
    - No requirement to live on-site, and no set office hours
    - Lengthy 22 years remaining on Caretaking and Letting Agreements
    - Body Corporate salary represents over 57% of net income
    - Verified net profit by industry accountants of $309,255 p.a.
    - Fantastic detached 27sqm office on title with street level entrance
    - Luxury 1st level 2 b / 2 b manager's unit rented and earning $30K p.a. income
    - Manager must own freehold office / unit lot - sale price $748,000
    - All inspections by appointment only

    ResortBrokers®
    ResortBrokers®
    362 Montague Rd
    West End, QLD 4101

    Property Highlights

    Date Sold18 Jun 2024
    Floor AreaAsk Agent
    Land AreaAsk Agent
    ParkingAsk Agent
    Property ID2019018712
    Category
    Last updated  29 Apr 2024
    Map for Kangaroo Point QLD 4169
    ResortBrokers®
    ResortBrokers®
    362 Montague Rd
    West End, QLD 4101

    Property Highlights

    Date Sold18 Jun 2024
    Floor AreaAsk Agent
    Land AreaAsk Agent
    ParkingAsk Agent
    Property ID2019018712
    Category
    Last updated  29 Apr 2024

    Co-Agents

    More about Kangaroo Point QLD 4169

    Kangaroo Point QLD 4169 is categorized as Hotel, Motel, Pub & Leisure Property. The listing ID for this property is 2019018712.

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