CBD Boutique Hotel - Management Rights | Resort Brokers ID : MR005906
The Rothbury Hotel is a stylish heritage building ideally located on Ann Street, within a short stroll to award-winning restaurants, cafés and Queen Street Mall.
- The complex features 59 units with 29 in the manager's letting pool
- Facilities include spa and sauna facilities (currently under full renovations) and a rooftop area with a garden and BBQ area
- Potential to secure more units in the letting pool due to a large number of outside agents
- Low maintenance landscaped outdoor rooftop areas mean minimal gardening duties, no lawns just simple container gardens.
- The manager's lot is a dual key apartment incorporating a 1-bedroom unit and studio unit – the office is also on title.
- Property inspections are by appointment only
Date updated: 05 Dec 2019 23:00:07
Net Profit: $271,611 Remuneration / Body Corp Salary: $71,000
Managers UnitValue of Managers Apartment: $370,000Bedrooms: 2Bathrooms: 2Office: On Title
Complex InformationComplex Type: Resort / HolidayTotal Units in Complex: 59Total Units in Letting Pool: 29Holiday Units: 29Owner Occupy Units: 10Outside Agent Units: 20Agreement Term Remaining: 14 years