Fortitude Valley, Queensland

Expressions of Interest

Property Description

SOLID EARNER IN BRISBANE’S ENTERTAINMENT PRECINCT - RECEIVERS SALE | Resort Brokers ID : MR006061

The Hub Apartments are made up of 55 units over eight levels and this property comes with an annual body corporate salary of $72,021 (excluding GST) with CPI increases annually.



  • 21 units are currently with external agents

  • The remaining term is approximately 11 years, with 2 options of 5 years and 4 years 9 months to renew

  • Consistent earnings with body corporate salary

  • 73%-100% occupancy for rentals within the letting pool

  • Refurbishment of managers unit with new paint and carpets in 2019

  • Complex situated in Fortitude Valley, a premier entertainment and dining area in Brisbane

  • Property inspections are by appointment only


EXPRESSIONS OF INTEREST CLOSING 5pm Friday, 5 June 2020

Date updated: 08 Jul 2020 01:00:04

Property Summary

Business Snapshot

Price: Expressions of Interest Net Profit: $82,866 Remuneration / Body Corp Salary: $72,021

Managers Unit

Bedrooms: 2Bathrooms: 2

Complex Information

Complex Type: PermanentTotal Units in Complex: 55Total Units in Letting Pool: 12Holiday Units: 12Owner Occupy Units: 22Outside Agent Units: 21Agreement Term Remaining: 11 years

Marketing Agent


Marketing Agency

ResortBrokers

Jane Fang
ResortBrokers

Phone

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Map Location ( get directions )

Fortitude Valley, Queensland 4006 Exact map location not provided

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