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    Management Rights for sale in Spring Hill

    • Management Rights
    • SPRING HILL QLD 4000
    • $2,600,000 (under offer)


    MASSIVE PRICE REDUCTION FOR EARLY SALE. The Vendor has reduced the price by a very substantial amount. Vendor moving inter-state to be with family. 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, a certificate in recognition of its'very high enquiry and booking achievements. Lots of repeat business.
    The complex presents the apartments to a very high standard, complete with Smart TVs and WiFi. These two items alone make the building a top destination for repeat business, travellers or longer staying tenants.
    The business can be run by a two person team although the current Manager chooses to employ staff. A wages expense has been built into the P & L.
    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 in the first instance.

    The asking price of $2.6m 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 for enquiries and running about 70% occupancy which is above the average for short term letting.
    Buses at the door, Supermarket a two minute walk away.

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    Last updated

    27 Jun 2017


    Management Rights


    Po Box 3794 Robina QLD 4226