IMPRESSIVE ROI! MULTIPLIER 2.8X RIVERFRONT MIXED-USE MLR NO FACILITIES | Resort Brokers ID : MR008256

$2,058,523

Resort / Holiday Management Rights, Kangaroo Point QLD

ResortBrokers presents an exclusive opportunity to acquire mixed-use Management Rights and associated real estate in prime Kangaroo Point, with a superb Brisbane River aspect.

This solid business boasts an impressive ROI, with no set office hours and no common facilities to maintain. An onsite office is available under occupational authority for the manager to use at his/her discretion.

The portfolio includes 69 apartments, with a strong letting pool of 23 properties (mostly short-term/holiday let). The manager's residence is a spacious 128 sqm two-bedroom apartment with stunning Brisbane River views priced according to bank valuation (valuation report available).

As Brisbane prepares for the 2032 Olympic Games, seize this prime time for acquisition with the short-stay market continues to grow.

- Solid business with an impressive ROI, substantial body corporate salary, and consistent letting business.
- Maximum operational flexibility with no set office hours.
- No common facilities to service or maintain, offering straightforward caretaking responsibilities.
- Remarkable portfolio of 69 apartments, with a strong letting pool of 23 properties under current management.
- Spacious 128 sqm manager's residence with twobedrooms, two bathrooms,two balconies,two car parks, and stunning Brisbane River views.
- Manager's residence is priced accordingly to bank valuation by industry specialist valuer.
- Manager ownership requirement with the flexibility to appoint a nominee to reside onsite.
- Inspections are strictly by appointment only
Date updated: 13 Oct 2024 22:00:04

More Information

Financial Overview

Total Purchase Price: $2,058,523
Net Income: $ 378,044 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 1,000,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}
Multiplier: undisclosed
_{Estimated number of years till the Net Income reaches the Purchase Price of the business component. Other factors such as lifestyle, workload, location and offering should always be considered ahead of the multiplier when evaluating a Management Rights business.}

Letting Business

Letting Pool: 23
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 12
_{Number of units resided in by their owners.}

Lock Ups: 0
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 15
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 69
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 108,809
_{This is the body corporate caretaker salary. It is included in the Net Income above.}

Agreement Term: 25 years
_{How long is the caretaking contract.}

Agreement Remaining: 12 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 0 years
_{How long has the management rights existed.}

Office Hours: Nil
_{Required Office Hours}

Complex Features:

Real Estate Component

Manager's Unit: 2 2

Included Real Estate: $ 1,000,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 2

Office On Title: 1
_{Is there a manager's office included on the title?}

Pets: yes
_{Can the manager own a pet on site?}

Unit Features: