Amelia Hotel | Price reduced:/33 Amelia Street Fortitude Valley QLD 4006

CBRE Hotels is pleased to exclusively offer for sale the Freehold & Business interest in the Amelia Hotel, a prime inner-city Brisbane hotel offering.

Due to health reasons, the vendor's instructions are to sell, with the opportunity presenting a circa 10% yield for an owner operator.

The property achieved a net profit of $435,047 for FY 22/23 with a potential net profit of $474,814 by putting a refurbished room back into the room inventory that is currently used by the owner's family. There is also a manager's residence which could be put into the letting pool or occupied by an owner operator.

Investment Highlights:

- A uniquely designed boutique hotel that comprises 17 guest rooms of various configurations, and a two bedroom manager's residence which could be converted to two additional guest rooms (total of 19 rooms). In addition, the hotel includes a reception, small cafe and bar.

- The hotel significantly benefits from its strategic inner-city location in the heart of brisbane premier entertainment centre, Fortitude Valley, surrounded by some of Brisbane's strongest demand drivers, including the RNA Showgrounds.

- Well-established strong cash flow business ($435,047 net, $474,814 potential by adding additional refurbished room currently used by owners family) that has demonstrated a consistent track record of success, with a robust forecasted net operating profit margins.

- Upside potential:
o Convert additional rooms to inventory (currently utilised by the owners/family).
o Increase direct bookings reducing commission expenses.
o Dynamic pricing to drive occupancy and rate effectively to produce the strongest return.
o Convert single rooms to double occupancy immediately uplifting average rate and revenue.

- Owner operated and offered for sale with the benefit of vacant possession, allowing flexibility to owner operate or lease as a passive investment. The vendor can provide handover training to a purchaser.

- Limited short term capital expenditure requirements due to a recent refurbishment.

- Long-term development upside: Flexible 'Mixed-Use' zoning with no heritage afflictions. Potential to add additional rooms inventory across additional levels (STCA).

For more detailed information regarding the property or to organise an inspection, please contact the exclusive agent.