Price Reduced

BRISBANE RIVERFRONT PREMIER PERMANENT MR COMPLEX - $512K NET

ResortBrokers exclusively presents the permanent management and letting rights, plus associated real estate to Yungaba in Kangaroo Point. This stunning business is located along the riverfront at Kangaroo Point with views of the Story Bridge, city and beyond. The fully established business generates a net income over $500,000 and offers an idyllic inner-city lifestyle. Yungaba would suit an experienced two-person team or the option to continue to run under management.

  • Beautifully maintained mid-rise apartment complex with 167 units
  • Brisbane river frontage in Kangaroo Point
  • Long tenure remaining on 25 year Agreements
  • 53 units in the on-site letting pool
  • Office and storage areas provided under OA
  • Growth potential through converting outside agents back into pool
  • No set hours but currently operating Mon-Fri 8.30am-4.30pm
  • Manager is required to live on-site
  • Currently an employed property manager lives in the 2b/2b apartment - $850K
  • Property can be run by a two-person full time team with contractors for gardens & cleaning
  • All inspections by appointment only



Listing Ref MR008379
Property Type Management Rights
Sale Type Management Rights - All
State QLD
Region Brisbane
Suburb KANGAROO POINT
Net Profit $512,258
Price $2.845M + $850K UNIT
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Jessie Shi

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Alex Cook
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