Auchenflower, Queensland
Auchenflower - Short Term Management Rights
$925,000 - Business Only
Business Description
Seize the opportunity to invest in the thriving short-term accommodation market with the management rights to Chasely Apartments, ideally located just 100 meters from the Wesley Hospital in Auchenflower, Brisbane. This property is a rare find, combining excellent location with strong financial returns.
Property Highlights:
• Net Profit: Enjoy a robust net profit of $284,634, making this an attractive investment with immediate cash flow.
• Letting Pool: The current letting pool consists of 18 holiday apartments, including 7 spacious two-bedroom units and 11 well-appointed one-bedroom units.
• Renovated Units: 8 of the apartments have been recently renovated, enhancing their appeal and boosting rental potential.
• Location: Perfectly positioned near the Wesley Hospital, this complex benefits from consistent demand, catering to both holidaymakers and medical-related accommodation needs.
With an unbelievable upside and a solid net profit, Chasely Apartments presents a golden opportunity for investors looking to enter or expand within Brisbane's lucrative short-term accommodation sector. Priced to sell, this is a chance not to be missed. Contact us today to secure this exceptional investment!
**Ras360 – Specialists in Management Rights | Motels | Hotels | Pubs | Parks**
Business Summary
Business Snapshot
Price: $925,000 - Business Only
Net Profit: $284,634 Remuneration / Body Corp Salary: $62,576
Complex Information
Complex Type: PermanentTotal Units in Complex: 36Total Units in Letting Pool: 18Owner Occupy Units: 5Lockup Units: 13Agreement Term: 25 yearsAgreement Term Remaining: 11 years
Key Investment Insights
Key Insights:
1. Strong financial returns: The property offers a robust net profit of $284,634, making it an attractive investment with immediate cash flow.
2. Ideal location: Located just 100 meters from the Wesley Hospital in Auchenflower, Brisbane, the property benefits from consistent demand from both holidaymakers and medical-related accommodation needs.
3. Renovated units: 8 of the apartments have been recently renovated, enhancing their appeal and increasing their rental potential.
4. Diverse unit mix: The current letting pool consists of 18 holiday apartments, including 7 spacious two-bedroom units and 11 well-appointed one-bedroom units.
5. Upside potential: With an unbelievable upside and a solid net profit, Chasely Apartments presents a golden opportunity for investors looking to enter or expand within Brisbane's lucrative short-term accommodation sector.
6. Priced to sell: The property is priced to sell, making it a highly attractive investment opportunity.
7. Experienced management: The property is managed by Ras360, a specialist in management rights, motels, hotels, pubs, and parks.
8. Long-term agreement: The complex has a 25-year agreement term, with 11 years remaining, providing stability and security for the new owner.
9. Permanent complex: Chasely Apartments is a permanent complex, providing stable and consistent income for the new owner.
10. Owner-occupied units: The complex has 5 owner-occupied units, providing potential for additional income through rental management.
11. Lockup units: The complex has 13 lockup units, providing potential for additional income through rental management.
12. Body corporate salary: The remuneration/body corporate salary for the property is $62,576, providing additional income for the new owner.
13. Strong demand: The property is located in a highly sought-after area, with strong demand for short-term accommodation, making it a sound investment opportunity.
