One of Brisbane's best fringe city tower complexes is on the market due to unforeseen circumstances. The complex has a workload currently being maintained by a single female owner who returned $133k nett profit in the last 12 months & with growth in the letting pool, you'd expect this to rise over the short term.

Key Features

  • Nett profit of $132,946 with extremely competitive multiplier of 4.4x
  • No set office hours
  • Great body corporate salary of $82,171 ($1,867 per lot!)
  • Huge premium riverfront managers residence
  • Very manageable workload
  • 11 year old, high end, inner city riverfront complex

   

NB: Property inspections are by appointment only

Key Details

Listing Ref: MR005500
Property Type: Management Rights
Region: QLD - Brisbane
Suburb: Milton
Sale Type: Management Rights - All
Net Profit: $132,946
Price: Submit All Offers

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

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

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