$720K+ Net - established permanent portfolio in Kangaroo Point | Resort Brokers ID : MR009403

ResortBrokers exclusively presents an exceptional trio of permanent management rights located in Kangaroo Point directly opposite the CBD. River Reach, Riverscape and The Point. These modern complexes are underpinned by a blue-chip location and come with lengthy tenure remaining along with strong historical occupancy in excess of 99% throughout the year, reflecting the strength of the local rental market and the quality of the operation.

The businesses offers excellent security, with an annual combined BC salary over $550,000 representing more than 75% of total net profit and benefiting from annual CPI-linked increases. A comprehensive Profit & Loss statement, is available to qualified purchasers, providing confidence in the quality and sustainability of the income stream.

Long-held by the current owner, the business has been professionally managed throughout and presents an outstanding opportunity to acquire a stable, and highly regarded management rights business.

• Positioned in one of Brisbane's most tightly held management rights precincts
• 239apartments withinthe combined portfolio and 75 in the letting pool
• Verified net profit of $723,036 per annum by Holman's accountants
• Strong Body Corporate salary of$554,625per annum with CPI increase annually
• Tenure ranges between 17 and 21 years acrossall agreements
• Permanent letting pool consists of 75 units and 1 leaseback
• Two freehold units (inc office) - in River Reach & Riverscape - total $1.6M (offered C. $200K under market value)
• Ideal for owner-operators, syndicates, or investors looking to optimise the residenceto suit their preferred operating structure
• Incredible location with access to the city via ferry or new Greenbridge direct into theBotanic Gardens
• Apremium management rights foliowith strong recurring income, topoccupancy, excellent committee relationships, and genuine long-term growth potential—attributes that will resonate with experienced operators and management rights syndicates seeking a quality, low-risk acquisition
• All inspections via appointment only.

For more details, please email broker or call agents.