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BRISBANE INNER-CITY, SHORT-STAY MR - $1.4M NOP | Resort Brokers ID : MR008737
$8,800,000
Resort / Holiday Management Rights, Bowen Hills QLD
This is a rare opportunity to secure a modern, purpose-built serviced apartment complex with a strong trading history and considerable scope for growth. Located in Bowen Hills, in the heart of the medical precinct close to Royal Brisbane&Womans Hospital, Herston Private and Clive Berghofer, this exceptional business benefits from established and growing medical trade.
Contact Jeff today to arrange an inspection!
- Total of 81 apartments (studios, 1 bed, 2 bed)
- 55 units in current short-term pool (12 outside agents)
- Solid BC salary over $141,000, verified NOP OVER $1.4M
- 21 years remaining on agreements - supportive committee
- Excellent trading, occupancy levels
- Demonstratable year-on-year growth
- Significant upside potential via letting pool and ADR growth
- Manager's residence - 2 bed/ 2 bath unit, top floor,city views - $615k
- Inspection by appointment only
Date updated: 15 May 2025 11:08:33
More Information
- Total Purchase Price: $8,800,000
- Net Income: $ 1,404,694
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 615,000
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?