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Easy-Care Kangaroo Point Permanent MLR - $198K Net, No onsite requirement!

ResortBrokers presents a highly desirable permanent letting management rights opportunity in Kangaroo Point delivering circa $198,000 net profit anchored by a $95,775 body corporate salary supported by 21 years remaining on agreements.

ResortBrokers presents a highly desirable permanent letting management rights opportunity in Kangaroo Point delivering circa $198,000 net profit anchored by a $95,775 body corporate salary supported by 21 years remaining on agreements. The caretaking duties are refreshingly straightforward with minimal building facilities to oversee - NO swimming pool, only a single BBQ. The absence of fixed office hours provides exceptional operational flexibility and the office under occupational authority ensures professional convenience. Notably, there is no requirement to live onsite in the manager's (2 bed, 2 bath + study) unit, which is presently leased generating an additional annual income of circa $35,000 which is not factored into the overall net profit. The opportunity to convert the 18 outside agent appointments back into the onsite letting pool presents clear upside for an incoming operator. This impeccably maintained and modern apartment complex presents a solid business opportunity suited for seasoned industry professionals seeking to expand their portfolio or a first-time buyer seeking a secure, low-maintenance business.

Net profit
$197K
Asking price
$1.9M
Management Rights - All

The business at a glance.

  • Long agreement terms with 21 years remaining providing operational security and income stability.
  • Net profit circa $198,000 underpinned by $95,775 body corporate salary.
  • No requirement to reside with manager's unit generating circa $35,000 per annum in additional rental income.
  • Highly desirable inner-city rental location with strong demand from professionals and proximity to Brisbane CBD.
  • Easily manageable caretaking duties with no swimming pool and minimal gardening requirements.
  • Suitable for first-time buyers or experienced operators seeking a low-maintenance addition to existing portfolios.
  • Flexible operations with no set office hours and onsite office under occupational authority.
  • Inspection by appointment only.
Easy-Care Kangaroo Point Permanent MLR - $198K Net, No onsite requirement!

Kangaroo Point, QLD

Kangaroo Point, QLD

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Jessie Shi

Jessie Shi

Specialist Accommodation Broker, Brisbane

0422 935 428
07 3878 3999

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Run the numbers yourself.

Same model our brokers use to appraise. Adjust net profit, multiplier, real estate component. The result is indicative — independent appraisal available on request.

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Indicative total$1,853,727

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