Spring Hill, Queensland
Well-established and profitable mixed-use management rights in Spring Hill | Resort Brokers ID : MR007956
Under Contract / Offer
Business Description
ResortBrokers presents an exceptional opportunity to acquire the well-established and profitable mixed-use management rights located in the highly popular inner-city neighbourhood of Spring Hill.
This investment opportunity encompasses both permanent and short-term letting arrangements that deliver a verified net profit of circa $225,135. This diverse mix of rental options minimises risk, and ensures a continuous and varied occupancy rate, further enhancing the investment’s stability. Consists of 60 one and two-bedroom residential units within the complex, of which 30 units are in the letting pool, comprising 21 permanent lettings and 9 short-term lettings. This presents a great income growth potential, with the opportunity to convert permanent lets to short-term lets to capitalise on Brisbane's booming short-term market, especially leading towards the 2032 Olympics.
Long 24+ years agreement termed followed by successful top up, this property also benefits from a very supportive body corporate, fostering a positive and collaborative working relationship which ensures a smooth operation of the business.
Don't miss this chance to invest in a profitable business in a prime location, with a secure income stream and a supportive body corporate.
Contact Jessie Shi today for more information on this exciting opportunity.
- All one & two bedroom apartments - investor-oriented complex withstable letting pool
- Strong and sustainable letting pool
- Long term agreements24+ years remaining
- P&L prepared by well-respected industry accountant
- Friendly and supportive Body Corporate
- Manager's unit and office on title
- Highly sought after location with easy access to all local amenities
- Only minutes drive to Brisbane Grammar School, St Joseph's, Churchie, Somerville House
- Suitable for either first time buyer or experienced operator to acquire a profitable business with significant growth potential
- Inspections by appointment only
Date updated: 01 Dec 2023 00:00:06
Business Summary
Business Snapshot
Price: Under Contract / Offer
Net Profit: $225,337
Managers Unit
Bedrooms: 2Bathrooms: 2Office: On TitleComplex Information
Complex Type: Resort / HolidayTotal Units in Complex: 60Total Units in Letting Pool: 30Holiday Units: 30Owner Occupy Units: 12Outside Agent Units: 17Agreement Term Remaining: 24 years
Key Investment Insights
1. Profitable mixed-use management rights in a highly popular inner-city neighbourhood.
2. Diverse mix of rental options, including permanent and short-term letting arrangements.
3. Verified net profit of approximately $225,135.
4. Potential for income growth by converting permanent lets to short-term lets.
5. Long 24+ year agreement with supportive body corporate.
6. Manager's unit and office on title.
7. Highly sought-after location with easy access to local amenities.
8. Suitable for both first-time buyers and experienced operators.
9. Inspections by appointment only.
10. Manager's unit has 2 bedrooms and 2 bathrooms.
11. Complex consists of 60 units, with 30 in the letting pool.
12. 30 holiday units, 12 owner-occupied units, and 17 units managed by outside agents.
13. Agreement term remaining is 24 years.
