Brisbane City, Queensland

$1,551,444

Property Description

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

Property Summary

Business Snapshot

Price: $1,551,444 Net Profit: $271,611 Remuneration / Body Corp Salary: $71,000

Managers Unit

Value of Managers Apartment: $370,000Bedrooms: 2Bathrooms: 2Office: On Title

Complex Information

Complex Type: Resort / HolidayTotal Units in Complex: 59Total Units in Letting Pool: 29Holiday Units: 29Owner Occupy Units: 10Outside Agent Units: 20Agreement Term Remaining: 14 years

Marketing Agent


Marketing Agency

ResortBrokers

Glenn Millar
ResortBrokers

Phone

Listing Tools

Property Map

Map Location ( get directions )

Brisbane City, Queensland 4000 Exact map location not provided

Similar Properties

Off The Plan business-only in West End with projected net over $200K! | Resort Brokers ID : OTP005849
Updated

WEST END
Off The Plan business-only in West End with...

$1,542,068 Inc. 2 bed Mgrs Unit
Net Income: $209,348
Managers Estate: $600,000 2 Bed - Bath
Letting Pool: 61
Remuneration: $73,200

ResortBrokers
ResortBrokers EXCLUSIVELY offers MR in the heart of Spring Hill | Resort Brokers ID : MR005993
Updated

SPRING HILL
ResortBrokers EXCLUSIVELY offers MR in the...

$1,690,000 NEGOTIABLE
Net Income: $241,711
Managers Estate: $390,000 2 Bed - Bath
Letting Pool: 60
Remuneration:

ResortBrokers

KANGAROO POINT
Modern complex with good size income!

$1,680,000
Net Income: $190,548
Managers Estate: $850,000 2 Bed 2 Bath
Letting Pool: 20
Remuneration: $121,293

Shine Realty
OPTION TO LIVE OFF SITE
Exclusive

SPRING HILL
OPTION TO LIVE OFF SITE

$1,437,000
Net Income: $161,000
Managers Estate: $600,000 2 Bed 2 Bath
Letting Pool: 63
Remuneration: $92,000

Property Bridge
4.8 LOW Multiplier Permanent Management Rights in West End!
Exclusive

WEST END
4.8 LOW Multiplier Permanent Management...

Under Contract / Offer
Net Income: -
Managers Estate: $750,000 2 Bed 2 Bath
Letting Pool: 65
Remuneration:

Next Business & Property Sales