Sold

Rare, Outstanding Opportunity To Secure A High Performance Management Rights

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.

  • 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

Interested? Why not give Ian Crooks a call on 0411 171 648 or