Kangaroo Point, Queensland
$3,820,000
Property Description
Business For Sale - Sought After Short Term Letting in Brisbane - ID 8712 BL
SHORT TERM LETTING KANGAROO POINTRarely Available - Same Management for Past 17 Years
- Brisbane river management rights for sale
- Adjacent to river and the iconic Story Bridge Hotel
- Huge upside still available for the savvy operator
- Excellent mixture of studio, one, two and three bedroom apartments
- Building recently painted externally and internally
- Three bedroom managers accommodation, separate office and reception, meeting room and gymnasium. 4 titles, valued at $880,000
- Resort style pool and spa, sauna, security parking
- Ideal family or partnership opportunity
Confidentiality Conditions Apply
Net Profit: $555,788
Asking Price: $3,820,000
(inclusive of manager's real estate)
For further information on this Brisbane management rights opportunity contact Jake Clarke or Warren Oliver
EXCLUSIVE AGENCY
Property Summary
Business Snapshot
Price: $3,820,000 Net Profit: $555,788 Remuneration / Body Corp Salary: $159,234Managers Unit
Value of Managers Apartment: $880,000Bedrooms: 3Bathrooms: 1Car Spaces: 1Complex Information
Complex Type: CorporateTotal Units in Complex: 103Total Units in Letting Pool: 46Holiday Units: 46Owner Occupy Units: 32Outside Agent Units: 22Agreement Module: AccommodationAgreement Term: 20 yearsAgreement Term Remaining: 20 yearsPool: YesSpa: YesSauna: YesGym: YesBBQ Area: Yes
Listing Tools
This listing last updated: 3rd October 2018
Property Map
Map Location ( get directions )
Kangaroo Point, Queensland 4169 Exact map location not provided
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