Brilliant short and long stay apartments in very strong corporate location. First time offered for sale. Beautifully presented throughout with a high 4.5 star quality. Opportunity to still grow this business.

Property Description

  • Very good upside to increase short stay business
  • Prime location off Go Between Bridge
  • Quality presentation throughout
  • Sustainable huge nett profit
  • High Caretaking salary with light duties
  • Long agreements 20 years plus

Pricing

NOTE: All property and business information and pricing is correct at the time of going to market. Please contact us for the detailed information memorandum.
Management Rights $$5,980,000
Managers Unit $ $1,420,000 (3 units)
Managers Lot/s $Office lease
Total Price $$7,400,000

Management Rights Business Information

NOTE: All property and business information and pricing is correct at the time of going to market. Please contact us for the detailed information memorandum.
LocationSouth Brisbane
Business Type Mix of Short stay and long stay rentals
Building Age2 to 5 years (3 Buildings)
Building Levels/Floors10 floors
Net Profit $$1,100,000
Caretaking Fee $$258,444 + GST
Total Lots in Complex199 apartments + 2 retail lots
Letting Pool Units154
Letting Agreement Term20 – 23 years
Caretaking Agreement Term20 – 23 years
Office Hoursas per letting agreements

Property Features

Pool3
Sauna
Gym3
BBQ2
Conference Room
Cinema
Concierge
Car ParkingSecure basement carparking
Other FeaturesFull security buildings
Managers Units3 units – Refer Information Memorandum from Agents
Beds**
Bath**
Car Spaces1
Features**
Managers OfficeLeased Retail Lot
Size20 square metres

Management Pricing

Total Price                        $7,400,000

Property Enquiry

0 + 2 = ?

Property Agent

Rod Askew
Director

07 3554 0040

Eric Brizuela
Management Rights Sales Executive | Brisbane

07 3554 0038

Property Links