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Highly profitable management rights - Iconic Hotel in Fortitude Valley-$406K net | Resort Brokers ID : MR008356
$2,539,812
Resort / Holiday Management Rights, Fortitude Valley QLD
ResortBrokers proudly presents Central Brunswick Apartments, a prime hotel and management rights opportunity in bustling Fortitude Valley. With a significant net profit of $406,307, this iconic accommodation business offers 31 short-term (hotel) apartments as well as nine permanent lettings.
The occupancy rate stands at a very respectable 73% (leveling after the post-covid travel boom), with a significant income ($125,962) derived from body corporate salary, substantiating the value of this accommodation business.. The manager's unit is recently renovated and ideal for onsite staff. There is flexible opportunity to increase income with 32 self-managed apartments and outside lets, alongside an optional caretaking business (figures to be requested).
This investment is poised for growth as Brisbane prepares for the 2032 Olympics, with excellent upside potential for the savvy operator!
- Exceptional short-term management rights opportunity with a significant net profit of $406,307
- Prime location in the heart of Fortitude Valley, Brisbane's premier entertainment district
- Strong short-term letting pool comprising 31 units, supplemented by 9 permanent lets
- Significant growth potential with a mix of 32 self-managed units and outside agents
- Healthy occupancy rate of approximately 73% normalising post-Covid and after the domestic travel boom
- $125,962 income derived from body corporate salary, a substantial revenue stream for a hotel business
- Recently renovated one-bedroom manager's unit, ideal for staff accommodation
- Optional addon business for Central Brunswick Town Square, adding to the investment's appeal
- Inspections by appointment only
Date updated: 18 Nov 2024 22:00:02
More Information
- Total Purchase Price: $2,539,812
- Net Income: $ 406,370
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 470,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: undisclosed
Estimated number of years till the Net Income reaches the Purchase Price of the business component. Other factors such as lifestyle, workload, location and offering should always be considered ahead of the multiplier when evaluating a Management Rights business.
Number of units the manager is authorised to manage.
Number of units resided in by their owners.
Number of units owners are not renting out, but also do not live in.
Number of units being rented by other agents (these could potentially be acquired by the manager).
The total number of units within the complex.
This is the body corporate caretaker salary. It is included in the Net Income above.
How long is the caretaking contract.
How long remains on the caretaking contract before it must be renewed?
How long has the management rights existed.
Required Office Hours
The value of on-title property included with the business. Its price is included in the Total Purchase Price.
Is there a manager's office included on the title?
Can the manager own a pet on site?