Key Investment Insights
AI generated. Confirm details with the seller.
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.
