Brisbane City
$8,300,000
3
2
1
Management Rights
- Resort/Holiday Complex Type
- 62 Letting Pool
- $232,491 Remuneration
- $1,154,830 Net Profit
- $1,110,000 Manager's Unit
- BBQ, Sauna, Function Room, Pets Allowed, Pool Features
Property Description
SPECTACULAR CBD LOCATION - $1.1M+ PROFIT
We are proud to exclusively offer this premium 4-star Brisbane Management Rights business for sale now. Right in the heart of Brisbane's CBD this business is ideally placed to offer continued consistently exceptional returns. This well-maintained high-rise apartment building offers a good mix of short-term, corporate and long-term accommodation with 1-, 2- and 3-bedroom serviced apartments. On-site Management Agreements are in place for a further 21 years, incorporating a current Body Corporate Salary of over $230,000 p.a. Current management has been in place for many years and have experienced staff and processes in place, coupled with excellent relationship with both Body Corporate and apartment owners. You will benefit from the strength of this highly successful business behind you, and the current manager will also provide an excellent training platform to assist you in continuing to drive the business forward. The 350 sqm manager's apartment is comprised of a huge 200 sqm courtyard, 3 bedrooms, 2 bathrooms and 1 car space. Generous reception area, back office and massive storage are provided via Occupational Authorities. The building provides a generous range of resort style facilities, to happily satisfy your residents and guests. Albert Street Station will become the main pedestrian feeder point for QUT's Gardens Point campus, the parliamentary precinct, the new Queen's Wharf development, an upgraded Eagle Street business district and the City Botanic Gardens. Walk to Elizabeth Street and Queen Street Mall. You will also have a 5-minutes' walk to The Queen's Wharf Brisbane precinct, which will be a unique and vibrant new world city development featuring a boutique underground shopping centre, Star casino, new public recreational facilities, pedestrian bridge to South Bank and river boardwalks. Location, location, location....... one of the cornerstones of a brick-and-mortar business! An opportunity such as this is, in the accommodation sector, is exceptionally rare. And with the build up to the Olympic Games in 2032, Brisbane City's attractiveness is guaranteed to continue to grow. Contact me now to secure your future!
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