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      Management Rights business for sale in Fortitude Valley

      • Management Rights
      • Fortitude Valley QLD 4006
      • $2,234,800 - $2,334,800

      Prime Location Mixed Letting & Caretaking Business

      MASSIVE PRICE REDUCTION FOR EARLY SALE. The Vendor has reduced the price by a very substantial amount. Vendor wishes to move 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 inquiry and booking rate achievements. Lots of repeat business.
      The complex presents the apartments to a very high standard, complete with Smart TVs and WiFi. As this is the only CBD area accommodation building providing these two important items it makes for a top destination for repeat business, travellers or longer staying clients. Forward bookings are very strong with no letup in inquiries.
      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 internal common areas of the complex were recently re-painted and new carpet laid throughout. Re-painting of the exterior is about to get underway with all cost coming from a healthy 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 providing some peace of mind for any intending purchasers. Please contact Jim Prentice 0412 984 684 or E in the first instance.

      The asking price of $2.23m includes the spacious manager's apartment on the 2nd level.

      Business Highlights

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      Last updated

      30 Oct 2017


      Management Rights, Resort, Accommodation & Tourism

      Map for Fortitude Valley QLD 4006

      Po Box 3794 Robina QLD 4226