Spring Hill, Queensland

ICONIC CORPORATE SHORT TERM BUSINESS SET IN PRIME CBD LOCATION | Resort Brokers ID : MR006862

$1,860,000

Property Description

Savvy buyers will understand now is the perfect time to purchase this iconic corporate short term management rights business located in Spring Hill. This truly wonderful lifestyle business comprises of 54 well-appointed studio, one and two-bedroom apartments. With the net profit over $280k and topped up agreements, this easy to run complex is perfect for a dynamic couple looking to enjoy all that is inner-city living whilst earning an income.



  • Good cash flow, easily run with room for capital growth

  • Strong income drivers from local hospitals and repeat clientele

  • Perfect time to purchase this iconic short term business

  • Long agreements - 22 years to run

  • Spacious 2 bed, 2 bath manager's residence

  • Supportive Body Corporate Committee

  • Property inspections are by appointment only

Date updated: 15 Sep 2021 23:00:07

Property Summary

Business Snapshot

Price: $1,860,000 Net Profit: $280,890 Remuneration / Body Corp Salary: $280,890

Managers Unit

Value of Managers Apartment: $495,000Bedrooms: 2Bathrooms: 1

Complex Information

Complex Type: Resort / HolidayTotal Units in Complex: 54Total Units in Letting Pool: 24Holiday Units: 24Owner Occupy Units: 3Agreement Term Remaining: 22 years
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