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
Marketing Agent
Robert Collins
Robert Collins

Nathan Eades
Nathan Eades

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.
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