Brisbane City, Queensland

FIRST TIME AVAILABLE IN A DECADE! PRIME LARGE SCALE BRISBANE CBD MIXED-USE MLR! | Resort Brokers ID : MR008299

$8,666,058

Business Description

ResortBrokers exclusives presents a prestigious inner-city Mixed-Use Management Rights in the heart of Brisbane’s CBD. This exceptional investment opportunity is situated in Australia's fastest-growing capital city, Brisbane is enjoying its resurgent renowned for its prime location, fantastic weather, and affordable living. We are seeing a huge relocation and population growth which will continue over the next decade towards the Olympics. This prime location ensures a steady stream of corporate and leisure travellers seeking luxurious accommodation options.

This is a prime investment opportunity with substantial returns. With a remarkable net profit of $1.2 million, a growing body corporate salary and 24+ agreement terms remaining, this investment offers immediate returns and long-term stability.

The diverse letting portfolio (short-term & permanent) ensures a strong LVR and consistent occupancy due to the traditional management rights structure that underpins this incredible business.

From an operational perspective, the current managers have the business running like a well-oiled machine, with high-caliber staff in place and exceptional management and marketing systems.

The body corporate is highly supportive and manager-friendly. The incoming purchaser will inherit a very healthy relationship with the body corporate committees and owners nurtured by the current manager over the years.

As Brisbane prepares to host the 2032 Olympic Games, and with the city's short-stay market continuing to grow, there has never been a better time to acquire this exceptional business that offers a prime location, diverse letting options, and a promising financial outlook, backed by the allure of long-term stability and growth prospects. Call Jessie Shi today and book an inspection!

- Primelocation - Brisbane CBD Australia's fastest-growing and most popular capital city.
- Remarkablenet profit of $1.2millioin and a growing body corporate salary.
- Diverseletting portfolio of both holiday and permanent letting ensures a strong LVR and a consistent letting pool/stable occupancy.
- Long24+ years agreement terms promising immediate returns and long-term investment stability.
- High-caliberstaff and streamlined management systems ensure seamless operations.
- Verymanageable caretaking duties.
- Plentyof upside to grow the bottom line by converting the permanent apartments back to short-term rentals for increased profit.
- Modern,renovated, and spacious 3 bedroom executivemanager's residence on title with expansive private terrace and car park.
- Inspection by appointment only.
Date updated: 12 Jun 2024 23:00:03

Business Summary

Business Snapshot

Price: $8,666,058 Net Profit: $1,212,760 Remuneration / Body Corp Salary: $235,736

Managers Unit

Value of Managers Apartment: $965,000Bedrooms: 3Bathrooms: 2

Complex Information

Complex Type: Resort / HolidayTotal Units in Letting Pool: 62Agreement Term Remaining: 24 years
Marketing Agent
Listing location
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