Perfectly located in Redcliffe’s growth corridor and only 5 minutes’ drive to the Dolphin’s home ground Kayo Stadium, this attractive, short-let management rights business is primed for success.
Supported by strong occupancy from short-stay holidaymakers and sports travellers and at an extremely attractive 3.6x multiplier on a nearly $500K net, this business represents a fantastic return on investment.
The complex is the preferred accommodation for several sporting groups/teams whose return bookings provide a solid, reliable foundation to the letting business.
The 3-bed 2-bath manager’s penthouse is being offered at $50,000 below its registered valuation by CBRE, which makes the real estate component of this management rights package hugely attractive.
What’s more, the penthouse is income-generating as part of the letting pool and attracts a solid rent of approximately $39,000 p.a.
This easily manageable business is underpinned by 22-year caretaking and letting agreements backed by a supportive body corporate committee.
The combination of a 3.6x multiplier, solid net profit of nearly $500K and a stable occupancy base of returning guests in a high-growth area make this a fantastic opportunity not to be missed.
Opportunity waits for no one — call Jeff today!