Share this property

realcommercial.com.au

Address available on request Fortitude Valley, QLD 4006

Address available on request,
Fortitude Valley, QLD 4006

Hotel, Motel & Leisure

Price information

Sale

$2,538,000

Key property information

Floor area

Private inspections

to arrange a private inspection.

Map

Directions

$407,370 High Net Income in Brisbane's Centre - ID 8553

  • $407,000 High Net Income
  • Brisbane’s Prime Central Location
  • Year-Round Strong Bookings
Mixed Management Rights for Sale
Easy Duties with Great Upside Potential

- High net income of $406,370 in the heart of Fortitude Valley, one of Brisbane's most sought-after locations.
- Mixed rental building with a letting pool of 40 units (31 holiday and 9 permanent), plus 32 managed by outside agents or self-managed, offering significant income upside potential.
- Consistent year-round holiday bookings with a smooth operation in place and simple tasks. Minimal garden and green area maintenance required.
- All units are one-bedroom or studio apartments, ensuring stability in the holiday rental roll.
- Body corporate salary of $125,962 plus GST, with annual CPI increases.
- Long 25-year agreement with 23 years remaining.
- Renovated 1-bedroom, 1-bathroom manager’s apartment included.
- Professional office and ample storage spaces attached.
- Prime location in Brisbane’s central area, with shops, transport, and amenities just steps away.
- Asking price is $2,538,000, including the manager’s unit.

If you're looking for a stable, high-income business in the heart of Brisbane, this opportunity is one you can’t afford to miss. Enjoy the convenience of city living while earning over $400K in net income annually.

Net Profit: $406,307
Asking Price: $2,538,000
(Inclusive of manager's real estate)

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

Management Rights Broker
Bill He

Property Code: 941

Property ID: 504128151Last Updated: 9 Dec 2024

04392889...
realcommercial.com.au logo
Address available on request
Fortitude Valley, QLD 4006
Management Rights Sales - QLD & NSW
170 Scarborough Street
SOUTHPORT, QLD 4215

Make an enquiry

What's your enquiry about?

Enter your details

Similar properties

Other properties you might be interested in based on the location and property type you are looking at.