Fortitude Valley, Queensland

Corporate/Leisure Management Rights, Brisbane's Fortitude Valley

$2,430,000

Property Description

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

Property Summary

Business Snapshot

Price: $2,430,000 Net Profit: $371,715 Remuneration / Body Corp Salary: $117,259Body corp salary review: CPI Annually

Managers Unit

Value 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 Information

Complex 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
Marketing Agent
Calvin Bailey
Calvin Bailey

Calvin Bailey Management Rights

Calvin Bailey Management Rights

Listing location
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