Bowen Hills, Queensland
BRISBANE INNER-CITY, SHORT-STAY MR - $1.4M NOP | Resort Brokers ID : MR008737
Under Contract / Offer
Business Description
This is a rare opportunity to secure a modern, purpose-built serviced apartment complex with a strong trading history and considerable scope for growth. Located in Bowen Hills, in the heart of the medical precinct close to Royal Brisbane & Woman’s Hospital, Herston Private and Clive Berghofer, this exceptional business benefits from established and growing medical trade.
Contact Jeff today to arrange an inspection!
- Total of 81 apartments (studios, 1 bed, 2 bed)
- 55 units in current short-term pool (12 outside agents)
- Solid BC salary over $141,000, verified NOP OVER $1.4M
- 21 years remaining on agreements - supportive committee
- Excellent trading, occupancy levels
- Demonstratable year-on-year growth
- Significant upside potential via letting pool and ADR growth
- Manager's residence - 2 bed/ 2 bath unit, top floor, city views - $615k
- Inspection by appointment only
Date updated: 13 Oct 2025 22:00:02
Business Summary
Business Snapshot
Price: Under Contract / Offer
Net Profit: $1,328,383 Remuneration / Body Corp Salary: $141,783
Managers Unit
Value of Managers Apartment: $615,000Bedrooms: 2Bathrooms: 2Office: On TitleComplex Information
Complex Type: Resort / HolidayTotal Units in Complex: 81Total Units in Letting Pool: 55Owner Occupy Units: 13Outside Agent Units: 12Lockup Units: 5Agreement Term Remaining: 21 years