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BRISBANE INNER-CITY, SHORT-STAY MR - $1.4M NOP

This is a rare opportunity to secure a modern, purpose-built serviced apartment complex with a strong trading history and considerable scope for growth. Located in Bowen Hills, in the heart of the medical precinct close to Royal Brisbane & Woman’s Hospital, Herston Private and Clive Berghofer, this exceptional business benefits from established and growing medical trade.

Contact Jeff today to arrange an inspection!

  • Total of 81 apartments (studios, 1 bed, 2 bed)
  • 55 units in current short-term pool (12 outside agents)
  • Solid BC salary over $141,000, verified NOP OVER $1.4M
  • 21 years remaining on agreements - supportive committee
  • Excellent trading, occupancy levels
  • Demonstratable year-on-year growth
  • Significant upside potential via letting pool and ADR growth
  • Manager's residence - 2 bed/ 2 bath unit, top floor, city views - $615k
  • Inspection by appointment only
Listing Ref MR008737
Property Type Management Rights
Sale Type Management Rights - All
State QLD
Region Brisbane
Suburb Bowen Hills
Net Profit $1,404,694
Price $8,800,000
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Jeff Keast

Interested? Why not give Jeff Keast a call on 0414 669 007 or

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Alex Cook
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