Key Investment Insights
1. The business for sale is a short term hotel/apartment complex that is hotel zoned.
2. The complex consists of 73 residential units, including studio, 1 bedroom, and 2 bedroom apartments.
3. All units are fully furnished and managed by the management team.
4. The complex is located in an inner-city location by the Brisbane River, close to hospitals, university, cafes, restaurants, and the Brisbane CBD.
5. No owner occupiers are allowed to reside on the premises.
6. The complex has a consistently high occupancy rate of 89%.
7. The business has a net profit of $700,000 and a remuneration/body corp salary of $121,032.
8. The managers' unit, which is attached to the complex, is valued at $725,000 and has 2 bedrooms, 1 bathroom, and a large office.
9. The complex is classified as a corporate complex and has a total of 78 units, with 73 units in the letting pool.
10. The complex operates under an accommodation agreement module with 16 years remaining on the agreement term.
Management Rights Multiplier: 5.60
ROI Estimate: 17.86%