3 Hotel & Leisure Properties For Sale in Yeerongpilly

Westminster House on 4,035sq m LMR property with expansive Brisbane views adjacent to train station

- 4.km* south of the Brisbane CBD
- 4,035 square metre* site across four adjacent lots
- Two street access with 127.3 metres* of street frontage
- Zoning: Low Medium Density Residential
- An existing 36 rooms & 1,390sq m of building area returning a gross annual rental of $549,800
- Potential Height: 3 storeys or 11.5 metres
- Site Cover: Up to 45% being 1,815sq m* per level
- Potential 5,445sq m of Gross Floor Area (GFA) over 3 levels
- Information Memorandum available on request

*Approx

BRAND NEW MANAGEMENT RIGHTS

No need to purchase manager unit
Brand NEW unit complex Already completed and ready for occupy
Good income, small size complex and easy to manage

Moorooka Management Rights

â?¢ Highly Supportive Body Corporate Committee
â?¢ Attractive Body Corporate Salary $72,562.00 p.a.
â?¢ Net Income $ 106,195.00 p.a.
â?¢ Accommodation module twenty-two years remain
â?¢ Healthy top-up history
â?¢ Light workload
â?¢ Convenience location - Moorooka
â?¢ Pet Subject to Body Corporate Approval
â?¢ No Required Office Hours.

This Management Rights Business operates as a permanent letting within the Accommodation module of the BCCM legislation. It consists of thirty-nine three bedroom, two bathroom, townhouses and villas. The caretaking and letting agreement is for twen...