PERMANENT MID-SCALE MR ON BRISBANE RIVERFRONT WITH $500K+ NET PROFIT

This stunning complex is located directly on the riverfront in Brisbane; the permanent management and letting rights, plus associated real estate to Yungaba, in Kangaroo Point, offers incoming managers with a stable and secure business that's full established and easy to manage. Generating a net income of circa. $500,000 it offers an idyllic inner-city lifestyle, with views of the Story Bridge, city and beyond. The management rights to Yungaba would be best suited to an experienced two-person team or smaller private syndicate.

  • Beautifully maintained mid-rise apartment complex with 167 units
  • Brisbane river frontage in Kangaroo Point
  • Lengthy tenure remaining on Caretaking and Letting Agreements
  • Circa. 50 units in the on-site letting pool
  • Office and storage areas provided under OA
  • Growth potential via converting outside agents back into pool and through on-site unit sales
  • No set hours but currently operating Mon-Fri 8.30am-4.30pm
  • Manager is required to live on-site in one of the schemes
  • 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 caretaking
  • All inspections by appointment only

Alex Cook

Interested? Why not give Alex Cook a call on 0467 600 610 or