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SPECTACULAR CBD LOCATION - $1.1M+ PROFIT
$8,300,000
Resort / Holiday Management Rights, BRISBANE CITY QLD
We are proud to exclusively offer this premium 4-star Brisbane Management Rights business for sale now.
Right in the heart of Brisbane's CBD this business is ideally placed to offer continued consistently exceptional returns.
This well-maintained high-rise apartment building offers a good mix of short-term, corporate and long-term accommodation with 1-, 2- and 3-bedroom serviced apartments.
On-site Management Agreements are in place for a further 21 years, incorporating a current Body Corporate Salary of over $230,000 p.a.
Current management has been in place for many years and have experienced staff and processes in place, coupled with excellent relationship with both Body Corporate and apartment owners. You will benefit from the strength of this highly successful business behind you, and the current manager will also provide an excellent training platform to assist you in continuing to drive the business forward.
The 350 sqm manager's apartment is comprised of a huge 200 sqm courtyard, 3 bedrooms, 2 bathrooms and 1 car space. Generous reception area, back office and massive storage are provided via Occupational Authorities.
The building provides a generous range of resort style facilities, to happily satisfy your residents and guests.
Albert Street Station will become the main pedestrian feeder point for QUT's Gardens Point campus, the parliamentary precinct, the new Queen's Wharf development, an upgraded Eagle Street business district and the City Botanic Gardens. Walk to Elizabeth Street and Queen Street Mall.
You will also have a 5-minutes' walk to The Queen's Wharf Brisbane precinct, which will be a unique and vibrant new world city development featuring a boutique underground shopping centre, Star casino, new public recreational facilities, pedestrian bridge to South Bank and river boardwalks.
Location, location, location....... one of the cornerstones of a brick-and-mortar business! An opportunity such as this is, in the accommodation sector, is exceptionally rare. And with the build up to the Olympic Games in 2032, Brisbane City's attractiveness is guaranteed to continue to grow.
Contact me now to secure your future!
More Information
- Total Purchase Price: $8,300,000
- Net Income: $ 1,154,830
()
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 1,110,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: undisclosed
Estimated number of years till the Net Income reaches the Purchase Price of the business component. Other factors such as lifestyle, workload, location and offering should always be considered ahead of the multiplier when evaluating a Management Rights business.
Number of units the manager is authorised to manage.
Number of units resided in by their owners.
Number of units owners are not renting out, but also do not live in.
Number of units being rented by other agents (these could potentially be acquired by the manager).
The total number of units within the complex.
This is the body corporate caretaker salary. It is included in the Net Income above.
How long is the caretaking contract.
How long remains on the caretaking contract before it must be renewed?
How long has the management rights existed.
Required Office Hours
The value of on-title property included with the business. Its price is included in the Total Purchase Price.
Is there a manager's office included on the title?
Can the manager own a pet on site?