SPRING HILL QLD 4000
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- 9 Mar 2017
PRIME LOCATION CORPORATE LETTING BUSINESS
The building is located in a prime position on the fringe of Brisbane's CBD. It has a 4 star rating and was recently awarded, by Booking.com, a certificate in recognition of its'very high enquiry and booking achievements. Lots of repeat business.
There are 5 commercial properties in the building with street frontages One of these units is rented by the Manager and has a future as a small cafe with internal access to the rental building. The remaining commercial units do not form part of the advertised business.
The complex presents its' apartments in a very high standard, complete with Smart TVs and WiFi. These two items alone make the building a top destination for travellers or longer staying tenants.
The business can be run by a two person team although the current Manager chooses to employ staff.
The complex was recently internally re-painted and new carpet laid throughout. The exterior is due for a re-paint this year with all cost coming from the sinking fund.
Interested buyers will need to sign a CONFIDENTIALITY STATEMENT before sighting more detailed information. A Profit & Loss statement has been prepared by an Industry Accountant for a Purchaser's peace of mind. Please contact Jim Prentice 0412 984 684 or E email@example.com in the first instance.
The asking price of $2.8m includes the spacious manager's apartment on the 2nd level.
All rooms have Smart TV's and WiFi system installed, paid for by the current Manager. This entertainment income at $25 p/night per booking is included in the tariff.
Currently the building is top of Booking.com for enquiries and running in excess of 75% occupancy which is above the average for short term letting.
Buses at the door, Supermarket a two minute walk away.
1 Bligh street, SydneyGrade A
Building AmenitiesAvg. rent (net):$800 - $1000Avg. outgoings:$162Vacancy rate:13.5%Data from Colliers Edge.For information click hereMajor TenantsNabers energyAdditional information