Property Description

PURPOSE BUILT HOLIDAY CORPORATE LETTING

Established holiday and corporate stay management rights in a prominent location in Spring Hill just a short walk to the Brisbane CBD. Easliy run by the one person with limited office reception hours. The entire building was recently refurbished and presents beautifully.

  • Nett income approx $222,935 ex gst
  • 22% ROI – No unit to Buy
  • 22 years to run on 25 year agreements
  • $52,000 plus caretaking salary
  • Ample manager’s storage
  • Well set up with establish clientele

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 $$1,000,000
Managers Unit $ No unit to buy
Managers Lot/s $N/A
Total Price $$1,000,000

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.
LocationSpring Hill
Business TypeShort stay holiday / corporate
Building Age14 years
Building Levels/Floors8 Levels
Net Profit $$210,000 12 months to 31/8/17
Caretaking Fee $$52,142 pa
Total Lots in Complex25 x 1 Bedroom (furnished)
Letting Pool Units17 x 1 bedroom
Letting Agreement Term22 years to run
Caretaking Agreement Term22 years to run
Office HoursNo office hours

Property Features

Pool
Sauna
Gym
BBQ
Conference Room
Cinema
Concierge
Car ParkingYes Basement parking
Other FeaturesRecently refurbished
Managers Units
BedsN/A
BathN/A
Car SpacesN/A
FeaturesN/A
Managers OfficeExclusive Use
Size10 square Mtrs

Management Pricing

Total Price                        $1,000,000

Property Enquiry

1 + 2 = ?

Property Agent

Rod Askew
Director

07 3554 0040

Eric Brizuela
Management Rights Sales Executive

07 3554 0038

Property Links