Modern Seaside Resort for Sale - North Brisbane - 1P4096MR
EXCLUSIVE TO CRE BROKERS, Management Rights For Sale
Only 45 minutes north of the Brisbane CBD, this modern complex is well suited to a seasoned operator, or a first time Management Rights operator, due to ease of operation.
This business has experienced continual growth and increase in occupancy of the past 3 years, with scope and room demand to increase further. Reaching the magical $300k net profit, this allows the new owners to employ reception assistance and enjoy the lifestyle offered, as the present owners do. The proactive Owners Corporation certainly adds to the attractiveness of this business.
Located in the heart of the CDB and only a short stroll to the beach and the vibrant restaurant and café scene, guests are always satisfied.
Boasting one of the most spacious & well-presented 3 bedroom managers apartment, distant from the workplace, north east aspect, and with ocean views.
• 22.5 years remaining on 25 year agreements
• Superb 3 BR/ 2 bathroom managers apartment
• Low maintenance gardens
• Pooled income and uniformed unit fitout
• High Growth area, close to Brisbane & Sunshine Coast
• Healthy Sinking Fund with Pro Active Owners Corp
• Priced to sell at a 5 x multiple of Net Profit
Net Profit: $291,656 (12 mths ending 30 April 2018)
Business Price: $1,460,000
Apartment Price: $785,000
Managers UnitCar Spaces: 2
Freshly painted 3 bedroom, 2 bathroom, ducted air-conditioning and fans with sea views.
Complex InformationTotal Units in Complex: 0
Other Features / Notes
A:MANAGEMENT RIGHTS, B:MANAGEMENT RIGHTS, C:QLD - Gold Coast/Brisbane