This fantastic opportunity is a real box ticker - prime location, iconic property, immaculate condition, significant upside potential, ability to live off-site, highly supportive committee - an inspection will impress the most discerning of operators!

Key Features

  • On the market for the first time in nearly two decades.
  • One of Brisbane’s most iconic properties, steeped in history.
  • A true hotel style management rights business – 73 apartments, 52 in short-term letting pool.
  • Absolutely prime, never to be beaten, central Brisbane CBD location.
  • All rooms refurbished to an immaculate and luxurious standard in recent years.
  • Considerable capital improvements to building in recent years.
  • Opportunity to purchase at the bottom of the cycle - significant future growth potential.
  • No manager’s residence, no requirement to live on site.
  • Easy to maintain building - no pool, gardens or BBQ.

 NB: Property inspections are by appointment only

Key Details

Listing Ref: MR004745
Property Type: Management Rights
Region: QLD - Brisbane
Suburb: Brisbane
Sale Type: Management Rights - All
Net Profit: $530,000
Price: $3,600,000

Listing Agent(s)

Agent Feedback

The professionalism demonstrated by Alex throughout the sales process was very impressive. We made it clear from the outset that we wanted the sale to be as discreet as possible, and to be conducted as swiftly as possible. Despite the fact that this obviously hindered Alex's advertising options, he was able to arrange two days of back to back inspections, which produced 5 offers at asking price. We then worked with Alex to select the most suitable candidate. Furthermore, Alex worked tirelessly throughout the sales process, ensuring that the due diligence process went as smoothly as possible. We would have no hesitation in recommending Alex to anyone looking for a high level of service and a great result. Thank you Alex!  

- Brenton Brown
Building Manager,
Deepwater Point Apartments

We also appreciated Alex's accessibility and acknowledge the personal time that he sacrificed to maintain a continuous communication channel for our queries.We will certainly recommend Alex to our friends and colleagues for that moment when they too decide to seek a different life.

- Peter and Kim Holthouse WINDSURFER RESORT

From the time of engagement, Alex was extremely pro-active in finding the right buyer. At all times, Alex kept me updated during progression of the sale process, acted in a professional manner; sorted out any issues that surfaced during the sale and went above and beyond to ensure all parties were working effectively towards completion. Without Alex's input and assistance I am sure the sale would not have been completed in the professional manner that it was.

- Brad Marquart
Waters Edge on the Broadwater