Woolloongabba, Queensland


Property Description

Amazing Boutique Hotel in the heart of Woolloongabba | Resort Brokers ID : MR005982

ResortBrokers® presents this rare and outstanding opportunity to secure a high performing freehold hotel with a management rights structure in place which produces an outstanding net profit.

  • Freehold component of 38 studios giving control of the Body Corporate

  • 66 units in the letting pool

  • Combined net profit of $896,548

  • Located right in the heart of the medical hot spot of the Gabba

  • 21 years left on agreements

  • Property inspections are by appointment only

Date updated: 18 Sep 2020 23:00:06

Property Summary

Business Snapshot

Price: $8,780,000 Net Profit: $896,548 Remuneration / Body Corp Salary: $72,953

Managers Unit

Value of Managers Apartment: $400,000Bedrooms: 1Bathrooms: 1

Complex Information

Complex Type: Resort / HolidayTotal Units in Complex: 66Total Units in Letting Pool: 66Holiday Units: 66Owner Occupy Units: 1Agreement Term Remaining: 21 years

Marketing Agent

Marketing Agency


Trudy Crooks


Listing Tools

This listing last updated: 18th September 2020

Property Map

Map Location ( get directions )

Woolloongabba, Queensland 4102 Exact map location not provided

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