Fortitude Valley, Queensland
Corporate/Leisure Management Rights, Brisbane's Fortitude Valley
Brisbane, In The Valley and Nestled Behind a Historical facade:
Situated in the best rated accommodation area in Brisbane, this 4 Star corporate/leisure & permanent apartment hotel complex is a very short cab ride to the Queen Street Mall. Well located in Brisbanes entertainment district and close to all facilities. Brisbane Airport is a 30-minute drive away.Three minutes walk from the Howard Smith Wharves development on Brisbane River and a two minute walk from the centre of Fortitude Valley. Five minute walk from James St or New Farm Park and a 5-10 minute drive from Brisbane CBD.
The property is structured as Management Rights with a good body corporate salary and is a solidly based business well located in the high demand Brisbane city area.
Yearly figures which had largely been depressed due to Covid-19 are now showing excellent growth, with the current fast growing post Covid conditions.
Large 1 bedroom manager’s residence adjacent to the office.
Financial data available to prospective buyers on application. Inspection will impress….
PLEASE NOTE THAT INSPECTIONS ARE BY APPOINTMENT ONLY
Net Profit: $371,715 Remuneration / Body Corp Salary: $117,259Body corp salary review: CPI Annually
Managers UnitValue of Managers Apartment: $460,000Bedrooms: 1Bathrooms: 1Car Spaces: 1Office: On Title
Large one bedroom Managers Apartment, reception plus front and back office on title
Complex InformationComplex Type: CorporateStar Rating: 4Total Units in Complex: 82Total Units in Letting Pool: 49Holiday Units: 30Permanent Units: 19Owner Occupy Units: 17Outside Agent Units: 15Manager Units: 1Agreement Term Remaining: 22 yearsPool: YesSpa: YesGym: YesBBQ Area: YesPay TV: YesWIFI: Yes