Fortitude Valley, Queensland

Rare Established Hotel In Heart of Fortitude Valley

MR $2.19M + Unit $550k = $2.74m

Business Description

Ras360 is proud to present a rare opportunity to secure the management rights to Central Brunswick Apartment Hotel, ideally positioned in Fortitude Valley’s vibrant inner-city hub. Comprising 82 lots, this well-established complex offers a highly attractive blend of holiday and permanent letting, supported by a strong net profit of $391,652 and a substantial body corporate salary of $133,730, reviewed annually by CPI or greater.

The business is offered at $2.19M, with the manager’s unit priced at $550,000, bringing the total purchase price to $2.74M. Importantly, the agreements will be topped up to 23 years, providing excellent long-term security under the Accommodation Module and giving the incoming operator a strong platform for future growth.

The current letting pool consists of 34 units, including 26 holiday/short-term lets and 8 permanent rentals. In addition, there are 24 units currently managed by outside agents and 23 owner-occupied units, creating genuine upside for a proactive operator to grow the letting pool organically. With Hirum software already in place and SSKB strata management supporting the complex, daily operations are streamlined and ready for a motivated new owner to focus on business development.

Complementing the business is a practical manager’s real estate component, comprising a ground-floor, single-level one-bedroom residence with one car space. The reception and office are attached to the residence and form part of the same title, offering excellent convenience, visibility and operational efficiency. The complex also includes exclusive-use reception, storage, and a level-seven housekeeping storeroom.

Guests and residents are drawn to quality facilities including a heated indoor spa, sauna, fully equipped gymnasium, barbecue area, secure under-building parking, guest WiFi and smart TV facilities. With strong existing income, long-term agreement security, lifestyle flexibility and clear growth potential, Central Brunswick Apartment Hotel represents a phenomenal turnkey management rights opportunity in one of Brisbane’s most vibrant inner-city locations.

**Ras360 – Specialists in Management Rights | Motels |Hotels | Pubs | Parks **

Business Summary

Business Snapshot

Price: MR $2.19M + Unit $550k = $2.74m Net Profit: $391,652 Remuneration / Body Corp Salary: $133,730

Managers Unit

Value of Managers Apartment: $550,000Bedrooms: 1Bathrooms: 1Car Spaces: 1

Complex Information

Complex Type: PermanentTotal Units in Complex: 82Total Units in Letting Pool: 34Owner Occupy Units: 23Outside Agent Units: 24Agreement Term: 25 yearsAgreement Term Remaining: 18 years

Marketing Agent

Kevin Tsai

0403 44....

Ras360

Key Investment Insights

1. Price structure clear, management rights $2.19M plus manager’s unit $550,000, total $2.74M.
2. Strong earnings, reported net profit $391,652, plus body corporate salary/remuneration $133,730 reviewed annually by CPI or greater.
3. Long-term agreement security, Accommodation Module agreements extended with 18 years remaining, providing a stable operating platform.
4. Significant immediate scale, 82-lot complex with 34 units in the letting pool, mixing holiday and permanent letting.
5. Clear growth upside, 24 units managed by outside agents and 23 owner-occupied units represent opportunities to expand the letting pool.
6. Balanced revenue mix, current letting pool includes 26 holiday/short-term units and 8 permanent rentals, supporting diversified income streams.
7. Manager’s unit operationally integrated, ground-floor one-bedroom residence with reception and office attached on same title, plus one car space for convenience and visibility.
8. Established operational systems and support, Hirum property management software in place and SSKB strata management engaged, reducing transition friction.
9. Strong amenity offering that supports guest appeal, including heated indoor spa, sauna, fully equipped gym, barbecue area, secure under-building parking, guest WiFi and smart TVs.
10. Prime inner-city location, centrally positioned in Fortitude Valley’s vibrant hub, enhancing demand for both holiday and permanent lets.

Management Rights Multiplier: 5.59
ROI Estimate: 14.29%