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

Complex Information

Marketing Agent
David Jiang
David Jiang

Next Business & Property Sales

Next Business & Property Sales

Key Investment Insights

Key Insights:

1. Prime location in the prestigious heart of South Brisbane, with easy access to CBD and popular attractions such as South Bank Park, Conference & Exhibition Centre, and West End Commercial Street.

2. Well-managed complex with documented procedures and a supportive Body Corporate, creating a good working relationship for the manager.

3. Long 22-year agreements remaining under a 25-year accommodation module, providing stability and security for the business.

4. Low maintenance grounds, with an average of 6-8 hours of caretaking per week, allowing for a manageable workload for the manager.

5. No leaseback agreements within the letting pool, providing full control and flexibility for the manager.

6. No requirement for the manager to reside on-site, allowing for potential for off-site management.

7. Fully renovated and modern manager unit with two bedrooms, two bathrooms, and a large outdoor entertaining balcony, providing a comfortable and desirable living space for the manager.

8. Located within the catchment area of highly sought-after schools, Brisbane State High School and West End State School.

9. Profit and Loss Statement prepared by an industry specialist accountant, providing accurate financial information for potential buyers.

10. Manager unit valued by a bank panel industry specialist valuer, providing assurance of the unit's worth.

11. Rare opportunity to purchase a short-term accommodation business with solid income and potential for growth.

12. Timing is right to purchase this business, with great potential for future success.
Listing location
Gallery

This Business is sold

Listing Tools

Management Rights

Receive new listing alerts

Sign up
Similar Management Rights For Sale

You may also like

IMPRESSIVE ROI! MULTIPLIER 2.8X RIVERFRONT MIXED-USE MLR NO FACILITIES | Resort Brokers ID : MR008256
ResortBrokers
IMPRESSIVE ROI! MULTIPLIER 2.8X RIVERFRONT...

KANGAROO POINT

$2,058,523

Net Income: $378,044
Managers Estate: $1,000,000 2 Bed 2 Bath
Letting Pool: 50
Remuneration: $108,809

Exclusive - Rare Investment Opportunity - ID 9160
2.18 Multiplier on the Gold Coast - ID 9166
High End Resort situated in popular tourist destination Airlie Beach | Resort Brokers ID : MR008486
PRIME TOURISM DEVELOPMENT OPPORTUNITY IN STUNNING NSW SOUTH COAST LOCATION | Resort Brokers ID : FH008462
Exclusive - Prime Location With Excellent Growth - ID 9157
Business-Only Opportunity in Brisbane - ID 9165
Cannot find what you’re looking for in today’s market then, Build Your Own! | Resort Brokers ID : FH008480
Exclusive - High Return Management Rights Opportunity - ID 9156
Exclusive - Prime Location Near Sunnybank - ID 9159
Exceptional Management Rights Opportunity in Beautiful Scarborough
Exclusive - High Return Investment Opportunity - ID 9158
Laguna on Hastings -  Building Manager & Letting Agreement
A1 Motel - 1P6181
Acquire a Premier Resort on the Sapphire Coast | Resort Brokers ID : FH008457
Calling All Aspiring Homeowners:Guaranteed Income and Work-from-Home Opportunity | Resort Brokers ID : MRC008473
Rare Opportunity – First Time on the Market in 20 Years
Bella Vista 18 Units Long Lease Offers Considered
Albany Creek Permanent Complex Caretaking only