ResortBrokers are delighted to exclusively present to the market the Management Rights and associated real estate of two stunning complexes located adjacent to each other in the prime Brisbane inner-city suburb of Kangaroo Point enjoying a superb aspect over the stunning Brisbane River and Story Bridge.
These exceptional complexes comprise a total of 169 units with 61 managed in the onsite letting pool with a mix of short term and permanent rentals. The majority cater to short-term stays and are amongst the most popular corporate/holiday stay options in Brisbane. The associated real estates consist of two spacious 3 bedroom apartments, a generous office/reception, a meeting room and a gym. A total of 5 manager's lots are on title, all priced according to the actual bank valuation.
Investment highlights: premier riverside setting, high net profit, supportive committee, mix of short-term and permanent rentals, fantastic on-site amenities, management operational areas provided.
An exceptional investment opportunity to purchase a Management Rights business netting in excess of $1Million, with a competitive blended multiplier and plenty of room to expand and grow the bottom line. When combined with the prime riverfront position, it quickly becomes a business not to miss.
- Premier riverside setting with amazing view and popular short-stay / corporate accommodation
- Robust 14.3% return on investment (ROI)
- High net profit of $1.08 million with room for growth to bottom line
- Strong and solid body corporate salary
- Supportive committee with newly topped up agreement in one complex
- Total of 169 apartments across the two sites with a mix of short-term and permanent rentals
- Fantastic on-site amenities with pool, spa, gym and BBQ shared by both complexes
- Management operational areas including office, meeting room, gym and two 3-bedroom apartments on title (five manager's lots in total to be purchased)
- Inspection by appointment only
