Service Businesses for Sale in KANGAROO POINT, QLD

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KANGAROO POINT, QLD

Riverfront Prestige. Blue-Chip Income. Brisbane's Best Lifestyle.

Riverfront Prestige. Blue-Chip Income. Brisbane's Best Lifestyle.

Kangaroo Point, QLD, 4169

Services · Management Rights

$2.6M MR & $1.3M Unit = Total $3.9M

Yungaba presents an exceptionally rare opportunity to acquire one of Brisbane's premier management rights businesses in what is widely regarded as one of the city's most prestigious riverfront residential precincts. Combining blue-chip real estate, secure long-term income and outstanding future growth potential, opportunities of this calibre seldom become available.Occupying an irreplaceable position on the banks of the Brisbane River beneath the iconic Story Bridge, Yungaba enjoys one of Brisbane's most enviable addresses. Residents are surrounded by kilometres of riverside parkland and walking paths, with the CBD, Howard Smith Wharves, Eagle Street, South Bank and the city's finest dining and entertainment precincts all within easy reach. With Brisbane continuing to experience strong population growth and significant infrastructure investment ahead of the 2032 Olympic Games, premium riverfront assets such as Yungaba are expected to remain among the city's most desirable residential communities.The estate comprises 167 apartments across four buildings, centred around the beautifully restored heritage-listed Yungaba House and complemented by three contemporary residential buildings. The combination of heritage charm, premium construction, immaculately landscaped grounds and absolute riverfront positioning has created one of Kangaroo Point's most recognisable and tightly held addresses.From an investment perspective, Yungaba offers an outstanding blend of secure income and genuine upside. The management rights business generates a verified net profit of approximately $471,000 per annum, with a further $32,745 generated from external managements and associated agreements. The business is being offered on an attractive valuation methodology that reflects a 5.5 times multiple on the core management rights income and 3.0 times on the external management income, recognising the differing nature of these revenue streams.The on-site letting operation currently comprises 47 apartments within the letting pool, together with 8 externally managed properties, providing a substantial recurring income base. Importantly, approximately 20 additional apartments remain under outside management, presenting a significant opportunity for an experienced operator to organically expand the letting portfolio and further increase profitability over time.Yungaba has been professionally operated under management since completion and benefits from exceptional systems and staffing already being in place. The operation is supported by a full-time on-site building/property manager together with dedicated maintenance, cleaning and gardening personnel, allowing for a seamless transition to new ownership. Equally, with the full gardening costs already included within the profit and loss, an experienced husband-and-wife team or two-person partnership could readily transition the business to a more hands-on operation and capture additional efficiencies if desired.Further opportunities exist to grow earnings through the expansion of the established repairs and maintenance division, continued development of the internet services income stream, conversion of externally managed apartments back into the on-site letting pool and the ongoing sale of apartments within one of Brisbane's strongest residential markets.Included in the sale is a beautifully presented ground-floor manager's residence, offering two spacious bedrooms, two bathrooms, secure parking and an expansive private courtyard overlooking the meticulously maintained gardens. The residence is offered with an asking price of $1.30 million and provides an exceptional lifestyle while fulfilling the requirement for the manager to reside on-site.Yungaba represents far more than a management rights acquisitionit is the opportunity to secure a landmark accommodation business in one of Brisbane's most iconic riverfront locations. With blue-chip real estate, long-term agreement security, a high-quality operational platform, proven profitability and multiple avenues for future growth, this is a truly premium offering that will appeal to experienced operators, private syndicates and sophisticated investors seeking one of the finest management rights opportunities currently available in Australia.**Ras360 Specialists in Management Rights | Motels | Hotels | Pubs | Parks**

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Kangaroo Point Complexes with BIG income!!

Kangaroo Point, QLD, 4169

Services · Management Rights

$5.68M inclusive of $1.8M in real estate

Located directly across the River from the CBD, in sought-after Kangaroo Point and a 2-minute free ferry ride from Riverside, these three complexes offer an ideal location. Backing onto the Story Bridge Hotel on Main Street these apartments are ideal for tenants to ferry or walk across the new bridge to and from the CBD and the City Botanic Gardens. In the heart of Kangaroo Point and virtually next door to the Holman Street Ferry Terminal Absolute convenience leave the car at home!Due primarily to its perfect location and active management, this permanent business consistently ensures owners over 99% occupancy year-round.Both managers units are 2-bedroom, located on the ground floor and agreements do not lock the manager to reside in any particular unit. Current owner has held the management for over 13 years and enjoys an excellent relationship with all committees. The business has been run professionally under management and the only reason for sale is that the owners interests are elsewhere. The salary of $551,162 constitutes over 75% of total profit and is linked to annual CPI increases. A full P&L, based on actual figures, has been completed by industry specialist and Chartered Accountants Holmans.Applicants must be suitably qualified and experienced in owning and managing complexes of a similar quality and size. **Ras360 Specialists in Management Rights | Motels | Hotels | Pubs | Parks**

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Service Businesses for Sale in KANGAROO POINT, QLD

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