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Auchenflower - Short Term Management Rights
$925,000 - Business Only
Resort / Holiday Management Rights, AUCHENFLOWER QLD
Seize the opportunity to invest in the thriving short-term accommodation market with the management rights to Chasely Apartments, ideally located just 100 meters from the Wesley Hospital in Auchenflower, Brisbane. This property is a rare find, combining excellent location with strong financial returns. There is managers/caretakers residence onsite that can be occupied for no cost. It is on Occupation Authority.
Property Highlights:
Net Profit: Enjoy a robust net profit of $284,634, making this an attractive investment with immediate cash flow.
Letting Pool: The current letting pool consists of 18 holiday apartments, including 7 spacious two-bedroom units and 11 well-appointed one-bedroom units.
Renovated Units: 8 of the apartments have been recently renovated, enhancing their appeal and boosting rental potential.
Location: Perfectly positioned near the Wesley Hospital, this complex benefits from consistent demand, catering to both holidaymakers and medical-related accommodation needs.
With an unbelievable upside and a solid net profit, Chasely Apartments presents a golden opportunity for investors looking to enter or expand within Brisbane's lucrative short-term accommodation sector. Priced to sell, this is a chance not to be missed. Contact us today to secure this exceptional investment!
**Ras360 Specialists in Management Rights | Motels | Hotels | Pubs | Parks**
More Information
- Total Purchase Price: $925,000 - Business Only
- Net Income: $ 284,634
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 0
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