PRIME LOCATION MIXED LETTING BUSINESS
OFFERS WANTED. The Vendor has reduced the price by a very substantial amount and moving inter-state to be with family. The building is located in a prime position on the fringe of Brisbane's CBD. It has a 4 star rating and was recently awarded, by Booking.com, a certificate in recognition of its'very high enquiry and booking achievements. Lots of repeat business.
The complex presents the apartments to a very high standard, complete with Smart TVs and WiFi. These two items alone make the building a top destination for repeat business, travellers or longer staying tenants.
The business can be run by a two person team although the current Manager chooses to employ staff. A wages expense has been built into the P & L.
The complex was recently painted inside and out and new carpet laid throughout. All cost coming from the sinking fund.
Interested buyers will need to sign a CONFIDENTIALITY STATEMENT before sighting more detailed information. A Profit & Loss statement has been prepared by an Industry Accountant for a Purchaser's peace of mind.
Please contact Jim Prentice 0412 984 684 or E email@example.com in the first instance.
The asking price of $2.15m includes the spacious manager's apartment on the 2nd level.
All rooms have Smart TV's and WiFi system installed, installed and paid for by the current Manager. This entertainment income at $25 p/night per booking is included in the tariff. Currently the building is running about 70% occupancy which is above the average for short term letting. Always enquiries for both Permanent and Corporate letting due to the location. One company has three units on permanent booked on Corporate rates. Buses at the door, Supermarket a two minute walk .Howard Smith Wharf precinct just a leisurely stroll along with the riverwalk to the city.
Business SnapshotPrice: $2,150,000Net Profit: $312,149
Managers UnitBedrooms: 2