Fantastic opportunity to purchase the management rights and associated real estate to a true hotel style management rights business in a historic heritage listed building, located in a prime central CBD address.

Key Features

  • 11 storey mid-rise building.
  • A unique, heritage listed property built in 1932
  • Total of 44 apartments, 37 in letting pool (9 x twin-key = 46 keys in total)
  • Immaculate 4-Star property with most apartments fully refurbished
  • Great BC relationship + lengthy agreements (22 years)
  • Central CBD address – arguably the best accommodation location in Brisbane
  • Very well managed business with strong forward bookings and corporate contracts
  • Call Alex Cook on 0467 600 610 for more details

NB: Property inspections are by appointment only

Key Details

Listing Ref: MR005577
Property Type: Hotel
Region: QLD - Brisbane
Suburb: Brisbane
Sale Type: Management Rights - All
Net Profit: $759,146
Price: $5,495,000

Location

Listing Agent(s)

Agent Feedback

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
Vendor,
Waters Edge on the Broadwater

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

Thank you Alex for the superlative effort you put in on our behalf to sell our management rights business.  We're sure that you'll agree that it wasn't without challenge from both parties but your tireless positive attitude and willingness to listen and facilitate, were key factors in the success of the process.

- Peter and Kim Holthouse WINDSURFER RESORT