Featuring 41 units with 13 in the letting pool with strong upside still possible. This complex offers a lavish and spacious office that would rival any onsite office in the country. An arsenal of caretaking equipment supplied by the body corporate gives any operator a walk up start in this riverfront complex. With the added security of owning a managers unit, this two bedroom apartment, which has been fully renovated, provides a luxurious and comfortable residence within the scheme. This property NOW HAS A FULL 10 YEARS on the standard module as just topped up in early Sept 2018.

Key Features

  • Sub 4x multiplier on a six figure salary
  • Newly topped up agreements with full 10 years on standard module.
  • Huge caretaking salary over $1,700 per lot
  • A solid foundation to continue to grow into a long-term business
  • Experienced or first time operators encouraged
  • High rents which have been unaffected by supply issues in other suburbs
  • Supportive Body Corporate with a strong top up history

 

NB: Property inspections are by appointment only

Key Details

Listing Ref: MR005446
Property Type: Management Rights
Region: QLD - Brisbane
Suburb: Auchenflower
Sale Type: Management Rights - All
Net Profit: $108,051
Price: $1,171,400

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