Milton, Queensland

ESTABLISHED MR IN MILTON WITH HIGH $680k+ NET PROFIT | Resort Brokers ID : MR008218

$4,345,000

Business Description

ResortBrokers presents an outstanding opportunity to secure a thriving management rights asset in Milton's vibrant core close to key amenities, transport, and education. The property is zoned as a Brisbane corporate hotel, a unique feature that prohibits owner-occupiers, ensuring a consistent revenue stream. The property is designed for ease of management, with minimal facilitates, no lawns to mow, and easily maintained gardens.

This lucrative business is backed by a strong body corporate salary of $130k+ and shows an incredible $680k+ net profit and still has plenty of upside for a good operator to increase the bottom line substantially, get in touch today to secure this outstanding business.

- High Net profit and strong BC salary
- Consistently high occupancy levels
- 73 units in the letting pool
- Strategically positioned close to all amenities
- 2-bedroom, 2-bathroom manager's unit
- Features an on-title office and reception
- Multiple storage areas on occupational authority
- No gardens or lawns to maintain
- All inspections by appointment only
Date updated: 09 Jun 2024 23:00:15

Business Summary

Business Snapshot

Price: $4,345,000 Net Profit: $683,916 Remuneration / Body Corp Salary: $130,358

Managers Unit

Value of Managers Apartment: $725,000Bedrooms: 2Bathrooms: 2Office: On Title

Complex Information

Complex Type: Resort / HolidayTotal Units in Complex: 74Total Units in Letting Pool: 73Agreement Term Remaining: 16 years
Marketing Agent
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