ONE OF BRISBANE’S BEST ROI WITH NO UNIT TO BUY
Spring Hill
FOR SALE $1,000,000
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
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
Location | Spring Hill |
Business Type | Short stay holiday / corporate |
Building Age | 14 years |
Building Levels/Floors | 8 Levels |
Net Profit $ | $210,000 12 months to 31/8/17 |
Caretaking Fee $ | $52,142 pa |
Total Lots in Complex | 25 x 1 Bedroom (furnished) |
Letting Pool Units | 17 x 1 bedroom |
Letting Agreement Term | 22 years to run |
Caretaking Agreement Term | 22 years to run |
Office Hours | No office hours |
Property Features
Pool | |
Sauna | |
Gym | |
BBQ | |
Conference Room | |
Cinema | |
Concierge | |
Car Parking | Yes Basement parking |
Other Features | Recently refurbished |
Managers Units | |
Beds | N/A |
Bath | N/A |
Car Spaces | N/A |
Features | N/A |
Managers Office | Exclusive Use |
Size | 10 square Mtrs |