Kangaroo Point
$1,990,000
3
2
1
Management Rights
- Permanent Complex Type
- 12 Letting Pool
- $158,198 Remuneration
- $187,630 Net Profit
- $1,060,000 Manager's Unit
- Pets Allowed, Pool Features
Property Description
LOCATION, LOCATION - BRISBANE
Perfectly positioned, Brisbane Management Rights business now on the market. This residential high-rise apartment complex sits proudly within the prestigious Brisbane suburb of Kangaroo Point. On-site managers enjoy the support of a harmonious and cooperative Body Corporate committee. Importantly, 21 years remain on the Management Rights term. A healthy net profit of $187,000 per annum, including a Body Corporate Salary totalling $158,000 (ex-GST) representing over 80% of that profit, provides a solid and stable income base. Manager's residence is a comfortable 3-bedroom, 2-bathroom home featuring a spacious private backyard that opens directly onto a beautifully maintained garden, perfect for relaxing, entertaining, enjoying outdoor family time. Enjoy stunning views, scenic river boardwalks and parklands. Transport needs are serviced by ferries and buses with quick access to the Clem Jones tunnel, Southeast Freeway and Story Bridge. The stellar locale places you within moments of the iconic Story Bridge Hotel, majestic Kangaroo Point Cliffs Park and the Point Bridge. The newly built green bridge also allows you to walk into the city in just 15 minutes, offering both convenience and a scenic commute. Spoil yourself amongst an excellent selection of high-quality restaurants and cafes within a leisurely walking distance. Those who reside in Kangaroo Point enjoy the benefits of an inner-city lifestyle in a peaceful setting without the hustle and bustle. Close to great schools such as Anglican Church Grammar School, Somerville House and St Joseph's. This business represents a wonderful opportunity for a healthy work/life balance.
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