FOR SALE
$1,490,850 MR & $530k Unit = Total $2,020,850

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Kangaroo Point QLD 4169

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Permanent Complex in Kangaroo Point - over $250k net

An exceptional opportunity awaits to acquire the management rights of a prime permanent complex located in the heart of Kangaroo Point. This well-maintained complex offers a unique blend of lifestyle, income, and growth potential.
Key Features:
• No Requirement to Live On-Site: Option to rent out the manager's apartment for $30,000 annually (not included in P&L).
• Exclusive Use of Office: Benefit from the private and secure use of the on-site office.
• Flexible Tenancy Options: Currently, all units are on permanent leases, with the caretaking agreement allowing a transition to short-term rentals if desired, offering significant potential for increased revenue.
• Central Location with Stunning Views: Situated in the heart of Kangaroo Point, enjoy beautiful views and top-tier facilities in a sought-after area.
• Easy Management: The business is easily run by a single person, with the current manager outsourcing cleaning, pool maintenance, gardening, and lawn care for just $1,600 per month.
Financials:
• Manager's Unit: $520,000
• Net Income: $259,279
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Property Details for Contact Agent For Address, Kangaroo Point

Building Type
Commercial

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About Kangaroo Point 4169

The size of Kangaroo Point is approximately 1.8 square kilometres. It has 6 parks covering nearly 12% of total area. The population of Kangaroo Point in 2011 was 6,999 people. By 2016 the population was 8,050 showing a population growth of 15.0% in the area during that time. The predominant age group in Kangaroo Point is 20-29 years. Households in Kangaroo Point are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Kangaroo Point work in a professional occupation. In 2011, 37.5% of the homes in Kangaroo Point were owner-occupied compared with 36.9% in 2016.

Kangaroo Point has 7,057 properties. Over the last 5 years, Houses in Kangaroo Point have seen a 40.52% increase in median value, while Units have seen a 67.26% increase. As at 30 November 2024:

  • The median value for Houses in Kangaroo Point is $1,580,806 while the median value for Units is $829,273.
  • Houses have a median rent of $690 while Units have a median rent of $675.
There are currently 31 properties listed for sale, and 33 properties listed for rent in Kangaroo point on OnTheHouse. According to CoreLogic's data, 340 properties were sold in the past 12 months in Kangaroo point.

Suburb Insights for Kangaroo Point 4169

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Robert Collins
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RAAS Property Group
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Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.