Key Investment Insights
AI generated. Confirm details with the seller.
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.
