Unlock a rare lifestyle and business opportunity with ResortBrokers. Secure the management rights of the legendary Teneriffe Apartments, a heritage-listed WoolStore building, situated at the crossroads of Commercial Road and Arthur Street, seamlessly blending historical charm, modern luxury and commercial convenience.
Enjoy the 99sqm two-storey loft-style Woolstore apartment, featuring two bedrooms, two bathrooms, and a spacious loft office space, with striking 8m tall ceilings.
The substantial net profit of $137,277 comes with relatively minimal responsibilities and an exclusive onsite office, providing flexibility for business operations.
Capitalise on growth potential with 23 apartments in the letting pool, with over 68% of the income derived from the Body Corporate salary. Business selling for $599,000 with an additional $830,000 for the spectacular two-bedroom manager's residence.
Benefit from a stable income whilst relishing Brisbane's rich history and enjoying the benefits of a thriving property market.
Contact ResortBrokers, as this fantastic opportunity won't last long.
- Acquire management rights to the iconic, heritage-listed Teneriffe Apartments.
- Ownership includes a unique 99sqm two-storey, loft-style Woolstore apartment.
- Enjoy a net profit of over $137k (CPI increase coming) with minimal responsibilities.
- Long 22 year agreements with a history of top ups and variations, showing an active body corporate
- Majority of net profit derived from body corporate salary ($95,429).
- Benefit from no set office hours with an onsite office under exclusive use.
- Potential growth with 23 of 66 apartments in letting pool and 14 outside agents (2 self managed).
- Prime location at the intersection of Commercial Road and Arthur Street, Teneriffe.
- Inspections are by appointment only
