Woolloongabba, Queensland
Exceptional Brisbane Accommodation Business with Diverse Revenue Opportunities
$5.54M MR & $580K Unit = Total $6.12M
Business Description
Positioned in a prime inner-city location close to major transport links, hospitals, shopping, and entertainment precincts, this well-established accommodation business presents an outstanding management rights opportunity with multiple income streams and strong operational flexibility.
The complex comprises a quality mix of studio and one-bedroom apartments, with many configured as dual-key rooms to maximise occupancy options and revenue potential. Guests benefit from secure on-site parking suitable for cars, buses, and larger vehicles, complimentary unlimited Wi-Fi, spacious room layouts, and convenient access to public transport and nearby amenities. The Gabba stadium is also within easy walking distance, supporting consistent demand from sporting and entertainment events.
Additional business features include a fully leased on-site restaurant operated by an external tenant, a dedicated night-audit room, established after-hours procedures through Nitel phone support services, security monitoring with guest lock-out assistance, and a night safe facility for late arrivals. Reception currently operates standard business hours with reduced weekend and public holiday requirements, supporting efficient management operations.
Importantly, there is no requirement for an on-site resident manager, providing added flexibility for operators. The sale also includes exclusive-use occupational authority over multiple storage, linen, maintenance, foyer, reception, and office areas, while the top-floor office suite is excluded from the sale.
Ras360 – Specialists in Management Rights | Motels | Hotels | Pubs | Parks
Business Summary
Business Snapshot
Price: $5.54M MR & $580K Unit = Total $6.12M
Net Profit: $1 Remuneration / Body Corp Salary: $106
Managers Unit
Bedrooms: 1Bathrooms: 1Car Spaces: 2Complex Information
Complex Type: CorporateTotal Units in Complex: 68Total Units in Letting Pool: 52Owner Occupy Units: 7Outside Agent Units: 2Agreement Term: 25 yearsAgreement Term Remaining: 25 years
Key Investment Insights
1. Prime inner-city location close to major transport links, hospitals, shopping and entertainment precincts, with The Gabba within easy walking distance supporting event-driven demand.
2. Multiple income streams from management rights model, plus a fully leased on-site restaurant operated by an external tenant.
3. Complex mix of studio and one-bedroom apartments, many configured as dual-key rooms to maximise occupancy options and revenue potential.
4. Substantial letting pool scale, 68 total units with 52 units in the letting pool, supporting steady revenue after acquisition.
5. Long-term agreement in place, 25-year agreement term with 25 years remaining, offering contract stability for an incoming operator.
6. Operational efficiencies supported by standard business hours reception with reduced weekend and public holiday requirements, plus no requirement for an on-site resident manager.
7. Strong guest services and safety features, including complimentary unlimited Wi‑Fi, secure on-site parking for cars, buses and larger vehicles, security monitoring with guest lock-out assistance, night-audit room and night safe.
8. After‑hours and emergency procedures already established via Nitel phone support services, reducing on-call staffing demands.
9. Exclusive-use occupational authority included for multiple storage, linen, maintenance, foyer, reception and office areas, enhancing back-of-house control; top-floor office suite is excluded.
10. Sale pricing and reported financials notable, listed as $5.54M for management rights plus $580K managers unit totalling $6.12M, with net profit reported as $1 and remuneration/Body Corp salary shown as $106.
