Key Investment Insights
AI generated. Confirm details with the seller.
1. Asking price $1,666,000 on verified net income $290,472, indicating an established earnings base.
2. Manager remuneration $128,577, with annual increase of CPI or 3% in July, whichever is greater.
3. Very solid P&L statement, verified by an industry specialist accountant, supporting financial credibility.
4. 20 years remaining on Caretaker/Letting Agreements, providing long-term contract security.
5. Manager residence described as a large 2/2/1 apartment plus an on-title office, valued at $800,000.
6. No requirement to reside onsite, with the manager unit currently tenanted at $780 per week, providing rental flexibility and income.
7. No office hours requirement, only need to be contactable during normal hours, reducing day-to-day operational burden.
8. Located in the prestigious heart of West End, sought-after nature environment and lifestyle appeal.
9. Short walking distance to South Bank Park and a 15 to 20 minute walk to the CBD, close to Conference & Exhibition Centre, Museum and Gallery.
10. Proximity to vibrant dining, shopping, beauty, health and wellbeing precincts, plus West End Commercial Street and Brisbane State High catchment, enhancing tenant and manager appeal.