THE RIDGE – A GREAT SHORT-TERM MR IN BRISBANE'S CITY FRINGE
THE RIDGE – A GREAT SHORT-TERM MR IN BRISBANE'S CITY FRINGE
THE RIDGE – A GREAT SHORT-TERM MR IN BRISBANE'S CITY FRINGE
THE RIDGE – A GREAT SHORT-TERM MR IN BRISBANE'S CITY FRINGE
THE RIDGE – A GREAT SHORT-TERM MR IN BRISBANE'S CITY FRINGE
THE RIDGE – A GREAT SHORT-TERM MR IN BRISBANE'S CITY FRINGE
THE RIDGE – A GREAT SHORT-TERM MR IN BRISBANE'S CITY FRINGE
THE RIDGE – A GREAT SHORT-TERM MR IN BRISBANE'S CITY FRINGE
THE RIDGE – A GREAT SHORT-TERM MR IN BRISBANE'S CITY FRINGE

THE RIDGE – A GREAT SHORT-TERM MR IN BRISBANE'S CITY FRINGE

$1,945,000 Exclusive

Fantastic opportunity to purchase the management rights and manager’s residence to a high-performing short-term business that has seen substantial growth and improvement under the current management, yet still leaves significant upside potential for a new operator.

Key Features

  • Short-term focussed management rights in prime city fringe location (Spring Hill)
  • Total of 90 apartments, 51 managed in the onsite letting pool (42 short-term, 9 permanent)
  • Brand new agreements commenced 2016 – with over 23 years remaining on tenure
  • 26 units managed by outside agents, rapidly returning to letting pool (3 new appointments in last 6 weeks)
  • Several identifiable areas for future growth and improvement
  • All short-term units have been renovated and present to a high standard
  • Stylish and modern upgrade work recently completed in common areas
  • Strong BC salary of $123,000 with annual increase of 5% (for next 4 years)
  • Well-maintained, spacious, light and airy two bedroom apartment with semi-detached office
  • Foundations have been laid by the current manager – time is ripe for a hands-on, motivated operator to take this business to the next level
  • Call Nathan Eades (0448 339 920) or Alex Cook (0467 600 610) for more details

Key Details

Listing Ref: MR005277
Property Type: Management Rights
Region: QLD - Brisbane
Suburb: Spring Hill
Sale Type: Management Rights - All
Net Profit: $295,000
Price: $1,945,000

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 have recently concluded the sale of our busy holiday resort, and feel very fortunate indeed that Alex Cook of Resort Brokers was our Agent throughout this process.We started the sale process by meeting with several brokers, all of whom where very experienced and had excellent reputations, however, once we met Alex we knew that we would be in good hands through the inevitable challenges of the sales process.Alex proved to be very hard working, proactive, and resourceful. Importantly, he has excellent relationships with all the key specialists in the Management Rights industry - Accountants, Valuers, Financiers, Finance Brokers and Lawyers. Without exception, all of the specialists we worked with throughout the sale process all held Alex in the highest regard, and there was always a congenial and cooperative attitude from them as we worked through the key steps in the sale. I believe that Alex was able to achieve the best possible outcome.We are grateful for his enthusiasm, his focus and his positive attitude, and would have no reservations whatsoever in highly recommending him to any Resident Letting Agent who is thinking of selling.

- Darren & Judy Ackland
Vendor,
Blue Waters Apartments

We have recently concluded the sale of our busy holiday resort, and feel very fortunate indeed that Alex Cook of Resort Brokers was our Agent throughout this process. We started the sale process by meeting with several brokers, all of whom were very experienced and had excellent reputations, however, once we met Alex we knew that we would be in good hands through the inevitable challenges of the sales process. Alex proved to be very hard working, proactive, and resourceful. Importantly, he has excellent relationships with all key specialists in the Management Rights industry – Accountants, Valuers, Financiers, Finance Brokers and Lawyers. Without exception, all of the specialists we worked with throughout the sale process all held Alex in the highest regard, and there was always a congenial and cooperative attitude from them as we worked through the key steps in the sale. I believe that Alex was able to achieve the best possible outcome. We are grateful for his enthusiasm, his focus and his positive attitude, and would have no reservations whatsoever in highly recommending him to any Resident Letting Agent who is thinking of selling.

- Darren & Judy Ackland
Vendors,
Blue Waters Apartments