Brisbane City, Queensland

Brisbane Branded Permanent/Corporate//Leisure opportunity

Under Contract / Offer

Property Description

Contemporary 4.5 star inner city high-rise, permanent, corporate/leisure complex.
Set in an impressive glass and concrete tower, this all-apartment hotel is located in the thriving commercial and business district and just a short walk to Central train station and Queen Street Mall.
The brand agreement is due for renewal, consequently the option exists to retain the brand or revive the well known Flynn Apartments.
This is a reluctant sale by current vendor, due to a partners passing.
Yearly Figures are largely depressed due to Covid-19.
Excellent prospect of growth with incipient post Covid conditions.
For the manager there is a large two bedroom two bathroom residence with study nook, internal laundry and wrap around balcony with views. Also a front and back office on title plus two car parks.
Figures & Valuation available to prospective buyers on application.
Inspection will impress.

Property Summary

Business Snapshot

Price: Under Contract / Offer Net Profit: $399,183 Remuneration / Body Corp Salary: $160,187Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $730,000Bedrooms: 2Bathrooms: 2Car Spaces: 2Office: On Title
Managers Real Estate comprising 3 Lots (Lots 35, 3 & 5) Apartment Lot 35 is a large 2 bedroom/2 bathroom with balcony and views, 2 carparks

Complex Information

Complex Type: MixedStar Rating: 4Total Units in Complex: 106Total Units in Letting Pool: 51Holiday Units: 24Permanent Units: 27Owner Occupy Units: 28Outside Agent Units: 26Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 18 yearsPool: YesSpa: YesGym: YesBBQ Area: YesWIFI: Yes
Marketing Agent
Calvin Bailey
Calvin Bailey

Calvin Bailey Management Rights

Calvin Bailey Management Rights

Listing location
Gallery

Enquire Now

Thank you, your enquiry has been sent now.

Listing Tools

Management Rights

Receive new listing alerts

Sign up
Similar Properties

You may also like

3 X MODERN, PERMANENT BRISBANE 'BUSINESS-ONLY' MR'S - $466K NET | Resort Brokers ID : MRB006674
ResortBrokers
3 X MODERN, PERMANENT BRISBANE 'BUSINESS...

KANGAROO POINT

Under Contract / Offer

Net Income: $466,313
Managers Estate: - - Bed - Bath
Letting Pool: 136
Remuneration: $466,313

Caretaking Only Management Rights @ Garden City
Business For Sale - Live the Bayside Lifestyle - ID 8957 BL
Prime location with high occupancy rates & net returns | Resort Brokers ID : LH006891
Quest Apartments - Regional Powerhouse, net profit over $1m | Resort Brokers ID : LH006917
Business For Sale - Lifestyle Permanent Management RIghts - ID 9031 BL
Realistic Vendor - Keen To Sell
Not Required to Live Onsite
Located in Eight Mile Plains
Rare Large Townhouse Complex - High Renumeration
Quiet Townhouse Complex
Solid Investment - Motivated Vendor
Great Value Management Rights in Loganlea
Low Multiplier - Realistic Vendor - Potential For Growth
Brisbane CBD - Motivated Vendor
82HF - THRIVING QLD PUB WITH FANTASTIC ROI
Business For Sale - Large Varsity Lakes Permanent - ID 8941 H
Secure this rare FREEHOLD motel on prime coastal reality with KNOCKOUT views! | Resort Brokers ID : FH006910
ONE OF QUEENSLAND'S LARGEST MANAGEMENT RIGHTS PORTFOLIO’S TO HIT THE MARKET | Resort Brokers ID : MR006896