Fortitude Valley, Queensland

82-Lot Fortitude Valley Management Rights: $391K Net Profit, 23-Year Agreement

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

Business Description

Ras360 is proud to present the management rights to Central Brunswick Apartment Hotel, in the heart of Fortitude Valley. This established 82-lot complex blends holiday and permanent letting, with strong existing income and real upside for a proactive operator.

Key numbers:

- $391,652 net profit, with proven business performance
- $133,730 body corporate salary, reviewed annually by CPI or greater
- Agreements topped up to 23 years under the Accommodation Module
- $2.19M business plus $550,000 manager's unit, $2.74M total

Growth: of the 82 lots, 34 units are in the letting pool (26 holiday/short-term and 8 permanent). A further 24 units are managed by outside agents and 23 are owner-occupied, giving a motivated operator room to grow the pool and income over time.

Operations are already set up with Hirum software and SSKB strata management, so the new owner can focus on business development from day one.

The manager's residence: a ground-floor, single-level one-bedroom unit with one car space. The reception and office are attached on the same title, with exclusive-use reception and storage and a level-seven housekeeping storeroom.

Guest facilities: heated indoor spa, sauna, fully equipped gymnasium, BBQ area, secure under-building parking, guest WiFi and smart TVs.

The bottom line: strong existing income, 23 years of agreement security, streamlined operations and clear growth potential 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: Resort / HolidayTotal 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

AI generated. Confirm details with the seller.

1. Established management rights business reporting $391,652 net profit, with a total asking price of $2.74 million including the manager’s unit.
2. Body corporate salary of $133,730, reviewed annually by CPI or greater.
3. Central Brunswick Apartment Hotel occupies a central Fortitude Valley location in Brisbane’s inner city.
4. The 82 lot complex includes 34 letting pool units, comprising 26 holiday accommodation units and eight permanent rentals.
5. A further 24 units managed by outside agents provide potential to expand the letting pool.
6. Existing Hirum software and SSKB strata management support established operations.
7. Ground floor, single level manager’s residence includes one bedroom and one car space, with reception and office attached on the same title.
8. Exclusive use reception and storage, plus a level seven housekeeping storeroom, support daily operations.
9. Guest amenities include a heated indoor spa, sauna, gymnasium, BBQ area, secure parking, WiFi and smart TVs.

Management Rights Multiplier: 5.59
ROI Estimate: 14.29%