ResortBrokers presents an exceptional opportunity to acquire the well-established and profitable mixed-use management rights located in the highly popular inner-city neighbourhood of Spring Hill.
This investment opportunity encompasses both permanent and short-term letting arrangements that deliver a verified net profit of circa $225,135. This diverse mix of rental options minimises risk, and ensures a continuous and varied occupancy rate, further enhancing the investment's stability. Consists of 60 one and two-bedroom residential units within the complex, of which 30 units are in the letting pool, comprising 21 permanent lettings and 9 short-term lettings. This presents a great income growth potential, with the opportunity to convert permanent lets to short-term lets to capitalise on Brisbane's booming short-term market, especially leading towards the 2032 Olympics.
Long 24+ years agreement termed followed by successful top up, this property also benefits from a very supportive body corporate, fostering a positive and collaborative working relationship which ensures a smooth operation of the business.
Don't miss this chance to invest in a profitable business in a prime location, with a secure income stream and a supportive body corporate.
Contact Jessie Shi today for more information on this exciting opportunity.
- All one & two bedroom apartments - investor-oriented complex with stable letting pool
- Strong and sustainable letting pool
- Long term agreements 24+ years remaining
- P&L prepared by well-respected industry accountant
- Friendly and supportive Body Corporate
- Manager's unit and office on title
- Highly sought after location with easy access to all local amenities
- Only minutes drive to Brisbane Grammar School, St Joseph's, Churchie, Somerville House
- Suitable for either first time buyer or experienced operator to acquire a profitable business with significant growth potential
- Inspections by appointment only
