Gabba Central offers quality serviced apartment accommodation for overnight / short stay, plus spacious permanent residential units. Divestment by a funds manager opens the door for an owner operator to step in and grow an already strong business.

Key Features

  • Quality mixed-use apartment complex, separate short term and residential buildings
  • Prime Woolloongabba position generates strong corporate, leisure and residential demand
  • Circa $817,000 net profit – self-manage or employ experienced manager
  • Guaranteed $374,894 p.a. body corporate salary
  • 125-unit letting pool, short-term / permanent mix allows flexible use to maximise the market
  • Letting agreements recently extended to 25 years ending 26 July 2042
  • 3 major hospitals drive mid-week occupancy, Gabba and South Bank fuel weekend trade
  • Large reception & back of house on exclusive use, office + 3brm manager’s unit on title
  • Rare opportunity for a sizeable business as Brisbane’s development cycle comes to an end

NB. Property Inspections are by appointment only

Key Details

Listing Ref: MRB005495
Property Type: Management Rights
Region: QLD - Brisbane
Suburb: Woolloongabba
Sale Type: Management Rights - Business only
Net Profit: $816,931
Price: $5,495,000

Listing Agent(s)

Agent Feedback

Industry specialisation, a focussed approach and a lot of energy - Ian and his Resort Brokers team are delivering what the market they serve, needs.

- John Smith CEO, HORWATH HTL AUSTRALIA

 I was very impressed with Ian's close involvement with the whole contract, due diligence and settlement phases, which can be quite problematic at times if not handled carefully. Their knowledge, understanding of the process and contacts within the Motel industry are enormous and I look forward to working with both of them again in the future.

- Richard Arbon ARBON PROPERTY GROUP PTY LTD
Managing Director,
Arbon Property Group

Our firm has dealt with Ian Crooks for 18 years. During that time we have been involved in the purchase of 33 Motels & Caravan Parks brokered by Resort Brokers.We have found the company to be diligent, able to source good properties, & commercially able to "close a deal".

- Cos Schuh
Manager,
Schuh Group