BRISBANE'S BEST SHORT-STAY MLR - $961,000 NOP

A once in a lifetime opportunity to acquire a truly unique hotel business in Brisbane CBD. The management rights & associated real estate to Manor Apartments Hotel presents a rare and exciting opportunity to secure a high netting business generating over $960,000. This stunning heritage listed building, located on Queen Street, has an iconic 1930’s facade and is regarded as a first choice for short-term accommodation.

  • 13 storey mid-rise, comprising 44 apartments
  • 36 apartments in the short-term letting pool, 9 are twin keyed, providing 44 keys
  • 23 years remaining on the Caretaking and Letting Agreements 
  • Manager’s office/unit, plus separate breakfast room on freehold title
  • BC salary over $80,000 p.a. 
  • $961,334 verified net profit from industry specialist accountant 
  • Presented to an incredibly high standard
  • Strong current and historial performance (pre and post pandemic conditions)
  • Continually achieves top online reviews in Brisbane and benefits from extensive repeat clientele
  • All suites have had some degree of refurbishment and the majority have been completely renovated in recent years
  • All inspections by appointment only

EXPRESSIONS OF INTEREST CLOSE FRIDAY 14TH OCTOBER, 2022 AT 5PM AEST

Listing Ref MR007368
Property Type Hotel
Sale Type Management Rights - All
State QLD
Region Brisbane
Suburb Brisbane
Net Profit $961,334
Price Expressions of Interest
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Alex Cook

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Jessie Shi
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