Robust Holiday/Short-Term MLR - Outstanding Brisbane City Opportunity | Resort Brokers ID : MR008886

$3,240,000

Resort / Holiday Management Rights, SPRING HILL QLD

ResortBrokers presents an excellent opportunity to acquire the thriving holiday/short-term management rights business and associated real estate ideally located in the desirable Brisbane CBD fringe suburb of Spring Hill.

Supported by lengthy tenure remaining on agreements (with successful top-ups), this business is further strengthened by a supportive committee with a generous Body Corporate salary of $157,727.

Due to its prime city location and convenience to amenities, hospitals, Victoria Park Olympic Stadium, schools, universities and public transport, the property sees consistent high occupancy.

- Iconic Brisbane accommodation business in desirable inner-city Spring Hill
- High net profit of $505,390
- Consistent high occupancy rate with repeated guests
- Lengthy tenure remaining on accommodation module agreement with successful top-ups
- Supportive committee with generous Body Corporate salary exceeding $157k
- 2 bedroom manager’s unit plus sunroom/optional 3rd bedroom, with two carparks
- Exclusive-use office and multiple storage spaces
- Inspections are by appointment only
Date updated: 08 Sep 2025 23:00:01

More Information

Financial Overview

Total Purchase Price: $3,240,000
Net Income: $ 505,390 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 720,000
_{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.}

Letting Business

Letting Pool: 27
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 46
_{Number of units resided in by their owners.}

Lock Ups: 0
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 0
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 74
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 157,727
_{This is the body corporate caretaker salary. It is included in the Net Income above.}

Agreement Term: 25 years
_{How long is the caretaking contract.}

Agreement Remaining: 20 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 0 years
_{How long has the management rights existed.}

Office Hours: Mon-Fri 8am-5pm Sat-Sun 8am-3am - no fixed hour on caretaking agreement
_{Required Office Hours}

Complex Features: 8 x Security CCTV cameras installed Large Reception / Lobby and Lounge area Outdoor Pool&Spa Sauna Gym Compact Tennis Court BBQ area Onsite undercover parking

Real Estate Component

Manager's Unit: 2 1

Included Real Estate: $ 720,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 2

Office On Title: 0
_{Is there a manager's office included on the title?}

Pets: yes
_{Can the manager own a pet on site?}

Unit Features: The managers apartment comprises two bedrooms both with ceiling fans as well as air conditioning, one bathroom and a large open plan lounge/dining/kitchen area with a sunroom off the lounge. The sunroom has been modified for the current manager, to include a third bedroom. A laundry area containing washer and dryer backs onto the kitchen. From the master bedroom, access to a private garden area is gained, currently being used for BBQ and an outdoor patio. The managers unit comes with a separate garage with remote roller door entry at the front of the car park entrance.