South Brisbane, Queensland
Growing Short Term Management Rights Centrally in South Brisbane
SOLD
Business Description
- Solid Net $310,378, still growing, asking for $1,583,000
- Fully Renovated, Fantastic 2 beds and 2 baths Manager Unit, on Latest Valuation in Feb 2023
- Perfectly located in the prestigious heart of South Brisbane, walk to South Bank Park and CBD in minutes
- Close to all the necessary amenities, only a short walk to Conference & Exhibition Centre, Museum, Gallery as well as all vibrant and distinctive award-winning dining, shopping, beauty, health & wellbeing precinct and an easy stroll to West End Commercial Street
- Very well-run complex, all procedures documented, good system in place
- Very supportive Body Corporate, a good relationship in place
- Long 22 years left on agreements under a 25-years accommodation module
- Grounds easy care approximately 6-8 hours (average) caretaking per week
- No leaseback agreement within the letting pool
- No Requirement on residing on site
- Fully-Renovated, Modern and Large manager unit - two bedrooms, two bathrooms with large outdoor entertaining balcony
- Located within the Brisbane State High School and West End State School catchment area
- Profit and Loss Statement was prepared by Industry Specialist Accountant
- Manager Unit is valued by Bank Panel Industry Specialist Valuer
This is a rare opportunity to purchase a short-term accommodation business with solid income, and great potential to grow.
A timing Just Right! Come and take a look we are sure you will be impressed!
Don't miss the opportunity, book your inspection now with NEXT exclusive agent - David Jiang!
Business Summary
Managers Unit
Complex Information
Key Investment Insights
Key Insights:
- Prime location in the heart of South Brisbane with easy access to major amenities and attractions
- Well-established and well-run complex with documented procedures and a supportive Body Corporate
- Long 22-year agreements remaining with no leaseback agreements within the letting pool
- Fully renovated and modern manager unit with two bedrooms, two bathrooms, and a large outdoor entertaining balcony
- Located within highly sought-after school catchment areas
- Profit and Loss Statement prepared by an industry specialist accountant and manager unit valued by a bank panel industry specialist valuer
- Solid net income of $310,378 with potential for growth
- No requirement to reside on site
- Fully renovated and modern manager unit with two bedrooms, two bathrooms, and a large outdoor entertaining balcony.
