Only 3.38x - combination of good income and river front living
Famed contemporary short term building located in New Farm, overlooking the Brisbane River. Located a few minutes drive from the Brisbane CBD and Fortitude Valley. Close proximity to eclectic cafes, shopping centres, markets and entertainment. Easy access to public transport via the nearby City Cat ferry terminal and bus stop. Multiple bookings from direct repeat customers. Opportune business for a semi-retired couple to run whilst living in the picturesque riverfront apartment. Only a 3.38x multiplier. Contact Celine for further information or to book your inspection.
Net Profit: $162,358 Remuneration / Body Corp Salary: $56,834
Managers UnitValue of Managers Apartment: $650,000Bedrooms: 2Bathrooms: 2Car Spaces: 1
Complex InformationComplex Type: HolidayTotal Units in Complex: 0Total Units in Letting Pool: 13Holiday Units: 13Agreement Term: 15 yearsAgreement Term Remaining: 10 yearsPool: YesSpa: YesBBQ Area: Yes