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Bowen Hills QLD 4006
Sold on 1 Oct 2021

Bowen Hills QLD 4006

  • Hotel, Motel, Pub & Leisure
  • Sold

NETTING OVER $230K - PERMANENT MLR IN BRISBANE'S BEST POSTCODE 4006 | Resort Brokers ID : MR006666

    On offer is the management rights and manager's unit / office to 'Terrace on Gregory', a well-maintained and easy-to-manage permanent residential complex located in a prime inner-city location.

    - Beautifully planned three-storey complex with lift access
    - Total of 78 apartments with 50 units currently managed in the onsite letting pool
    - 23 owner occupiers (including manager's apartment) and 4 external lets
    - High BC salary of $127,812+GST p.a
    - Located near RNA showgrounds, RB hopsital and Royal International Convention Centre
    - Easily managed by a management couple, or single operator working full time
    - Caretaking duties include approx. 12 hours cleaning p/w and 2 - 4 hours p/w of gardening & pool maintenance
    - There are no set office hours in the agreements
    - Current management opt to open the office Mon-Fri; 9am to 5pm when they are onsite
    - Stunning three bedroom manager's apartment with large attached office on title
    - Facilities include heated pool & sp and gymnasium plus secure under cover parking
    - Scope for incoming operator to switch back to short-term when Brisbane's coporate / tourism market recovers

    Property Highlights

    Date Sold1 Oct 2021
    Floor AreaAsk Agent
    Land AreaAsk Agent
    ParkingAsk Agent
    Property ID2018512433
    Category
    Last updated  3 May 2023
    Map for Bowen Hills QLD 4006

    Property Highlights

    Date Sold1 Oct 2021
    Floor AreaAsk Agent
    Land AreaAsk Agent
    ParkingAsk Agent
    Property ID2018512433
    Category
    Last updated  3 May 2023
    362 Montague Rd West End QLD 4101

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