This no frills money maker is now an urgent sale due to serious illness. The property has longer term lease backs rather than the usual letting pool arrangement and the benefit is the leasebacks are not set rents but a percentage of revenue. If the rooms aren’t occupied it costs you nothing! There is free accommodation onsite with a managers unit that is an occupation authority arrangement for the owner to use as they wish. It’s quirky and unusual but private, spacious and has river views all the way to the city. Serious offers considered from low risk buyers.

Key Features

  • Strong occupancy from Wesley Hospital across the road
  • Above average rooms rates for like rooms in Brisbane
  • Revenue based % commissions on leaseback
  • Only pay commissions to owners if room is occupied
  • Netting $196 with strong growth
  • Many major works completed in the last few years
  • Free managers accommodation on Occupation Authority

NB: Property inspections are by appointment only

Key Details

Listing Ref: MR005384
Property Type: Management Rights
Region: QLD - Brisbane
Suburb: Auchenflower
Sale Type: Management Rights - All
Net Profit: $196,720
Price: All offers considered

Listing Agent(s)

Agent Feedback

The recent sale of our large motel was tricky and stressful to say the least. Throughout the transaction Nathan guided both us as vendors and the buyers through the process with professionalism & composure. His friendly & outgoing manner ensured that all inspections were simple and relaxed everyone. His knowledge and ability under pressure ensured we made it to settlement day.  We would thoroughly recommend Resort Brokers and Nathan to anyone looking at selling their business.

- Melanie
Vendor,
Pegasus Motor Inn

As a first time purchaser of a leasehold motel, Nathan provided a good balance between working for the vendor and ensuring us as purchasers that we had the right information and support to see the transaction through. Negotiations are never easy and Nathan managed expectations on both sides of the transaction in a professional way that left both sides content with the price outcome. I would have no reservations in recommending or using Nathan or Resort Brokers in the future.

- Scott Campbell
Managing Director,
ISTAPR P/L

We would like to thank Nathan and Resort Brokers for their excellent service and support during the purchase of our Management Rights. This is the second time we have dealt with Resort Brokers and again we have found them to be very professional in all our dealings. 

- Stuart & Mary McCaul
Buyer,
Henley Apartments