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Spring Hill QLD 4000
Sold on 1 Jul 2022

Spring Hill QLD 4000

  • Hotel, Motel, Pub & Leisure
  • Sold

Price drop - motivated vendor | Resort Brokers ID : MR006862

    Located in Spring Hill, this lucrative, corporate short-term management rights business provides a dynamic operator the perfect work to lifestyle balance.

    - Consists of 54 modern studio, one and two-bedroom apartments.
    - Verified net profit now showing $50K in growth since June 2021 - $329K
    - Recently topped up Caretaking and Letting agreements
    - Good cash flow, easily run with room for capital growth
    - Strong income drivers from local hospitals and major employment centres
    - Excellent repeat bookings from long-term clientele
    - Long agreements - 21 years to run
    - Spacious 2 bed, 2 bath manager's residence
    - Supportive Body Corporate Committee
    - Easy to run complex with no onerous gardens and BC handling the pool
    - Ideal for a dynamic duo looking to enjoy inner-city living and earning a fantastic income
    - Property inspections are by appointment only

    Property Highlights

    Date Sold1 Jul 2022
    Floor AreaAsk Agent
    Land AreaAsk Agent
    ParkingAsk Agent
    Property ID2018512457
    Category
    Last updated  3 May 2023
    Map for Spring Hill QLD 4000

    Property Highlights

    Date Sold1 Jul 2022
    Floor AreaAsk Agent
    Land AreaAsk Agent
    ParkingAsk Agent
    Property ID2018512457
    Category
    Last updated  3 May 2023

    Listed by

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