Spring Hill, Queensland

Lucrative Brisbane City Mixed-Use MLR Opportunity | Resort Brokers ID : MR008532

$2,698,709

Business Description

ResortBrokers proudly presents a premium mixed-use management rights located in the vibrant suburb of Spring Hill, on the doorstep of Brisbane's CBD.

This rare offering combines strong financial returns, a prime location, and long agreement terms. With exceptional public transport links and close proximity to business and shopping districts, cafes, restaurants, and parks, this well maintained development offers a profitable business with diverse letting pool, secure income stream and significant growth potential.

This management rights represent a rare opportunity to secure a profitable and well-established business in a thriving market. Whether you are an experienced operator or entering the management rights industry, this is an unmissable chance to achieve financial success and professional flexibility.

Call us today to book in a site inspection.

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Long term agreement with 22 years remaining followed by multiple successful top up during the tenure of the current manager.

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Diverse letting poolincluding permanent and short-stay apartments ensures diverse revenue streams.

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Strong net profit of $373,315 per annum supported by generous body corporate salary with potential for growth.

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The sale includes the rights to a reception and back office on title, ensuring a smooth transition for the new operator.

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Minimal caretaking dutiesoversee the building's common areas, including the indoor pool and gym, with limited day-to-day responsibilities.

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The manager’s unit is a spacious two-bedroom, two-bathroom apartment featuring a city skyline view, expansive open terrace, and parking on Level 3. Separate reception and back office in lobby are also on title.

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Secure income stream benefits from long-term agreements, loyal clientele base and a highly supportive body corporate committee.

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A prime asset in Spring Hill with excellent connectivity and amenities.

Date updated: 01 Dec 2024 22:00:07

Business Summary