Spring Hill, Queensland

$900,000

Property Description

Business For Sale - Price Reduction On The Hill - ID 8878 BL

- Mixed Short Term & Holiday Letting
- Brisbane Management Rights For Sale
- Edge of Brisbane CBD - walk to Queen Street in 10-15 minutes
- Great bolt on opportunity
- No real estate to buy and no requirement to live onsite
- No garden or pool to maintain
- Easily run by one person plus partner/cleaner
- Accommodation module agreements expiring 2039
- Complex offers 39 units with 15 in the letting pool
- Growth opportunity with 5 outside agents
- Located walking distance to Brisbane CBD and hospitals
- Modern, fully furnished one and two bedroom apartments with large balconies
- Situated in the heart of Spring Hill and overlooking the magnificent Brisbane city skyline, this modern complex has no garden or pool to maintain and is easily run by one person. With no requirement to live onsite, this management rights business would also be an ideal bolt on for an existing business. Will also suit a first time operator seeking a business with upside.

Net Profit: $189,337
Asking Price: $900,000

For further information or to arrange an inspection of this Brisbane management rights business for sale contact:

Lyn Pearsall 0425 168 244

Property Summary

Business Snapshot

Price: $900,000 Net Profit: $189,337 Remuneration / Body Corp Salary: $53,402Body corp salary review: CPI Annually

Managers Unit

No residence with this business

Complex Information

Complex Type: HolidayTotal Units in Complex: 39Total Units in Letting Pool: 17Holiday Units: 17Owner Occupy Units: 5Outside Agent Units: 5Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 20 yearsWIFI: Yes

Marketing Agent


Marketing Agency

MR Sales

Lyn Pearsall
MR Sales

Phone

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Property Map

Map Location ( get directions )

Spring Hill, Queensland 4000 Exact map location not provided

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