FOR SALE
$900K MR & $1.095M Unit = Total $1.995M

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Taringa QLD 4068

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First Time in 20 Years: Management Rights for Sale at Taringa

An exceptional opportunity has arisen to acquire the management rights to Kingshome Apartments in Taringa, offered for the first time in two decades as the current manager retires after a successful tenure.
Key Highlights include:
Outstanding Body Corporate: Enjoy a smooth operation with no issues and a manageable workload.
Prime Location: Nestled in a premium hilltop suburb in Brisbane's West, Kingshome Apartments boast extensive city views and proximity to some of Queensland's top schools and sporting facilities. Just a short distance from UQ and the river.
Beautiful Manager's Residence: A spacious ground floor 3-bedroom apartment spanning 151 sqm, featuring a large courtyard perfect for pets. The third bedroom is converted into an office, secured on title.
Luxury and Convenience: This high-end complex is close to private and state schools, two major shopping centres, and well-connected by rail and bus.
Financials:
- Nett Profit: $197k with newly topped-up agreements to full term.
- Business Price: $900k @ 4.56x multiple.
- Unit Price: $1.095M.
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Property Details for Contact Agent For Address, Taringa

Building Type
Commercial

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About Taringa 4068

The size of Taringa is approximately 2.1 square kilometres. It has 10 parks covering nearly 9.1% of total area. The population of Taringa in 2011 was 7,175 people. By 2016 the population was 8,386 showing a population growth of 16.9% in the area during that time. The predominant age group in Taringa is 20-29 years. Households in Taringa are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Taringa work in a professional occupation. In 2011, 46.1% of the homes in Taringa were owner-occupied compared with 43.6% in 2016.

Taringa has 5,181 properties.

    There are currently 26 properties listed for sale, and 23 properties listed for rent in Taringa on OnTheHouse. According to CoreLogic's data, 220 properties were sold in the past 12 months in Taringa.

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    Robert Collins
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    Nathan Eades
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    RAAS Property Group
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