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Hotel/Leisure For Sale or For Lease found in REDLANDS CITY (METROPOLITAN), QLD

TIME TO GO

Hotel/Leisure

The Seller is running out of time, must sell to realize work commitment overseas by the end of August 2017. Their loss your gain...
This gated complex is situated in a much sought after area, close Cleveland CBD and all that Moreton Bay has to offer, for a lifestyle that many will envy.
The managers 3 bedroom, 2 bathroom unit will surprise with its vaulted ceilings and open plan living. Making this Management Rights Business stand out from the rest in this price category.
Unit Price $339,000.00
Management Rights $299,888.00
Total Purchase $638,888.00
Net Income $71,330.00 as confirmed by Industry accountants.
For further information on this outstand complex please contact Mike Mallory 0409 494 098 or email mikem@raas.com.au
Pets with BC approval.This is an unusual complex. Currently run as a permanent but is approved for holiday (3 day min)for 14 of the current rentals. This would greatly increase the income if it was instigated.Income validated by Management Rights Accountant

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Price: $638,888    Building: 5m²    Occupancy: Vacant

AWARDS FOR EXCELLENCE.

Hotel/Leisure

The resort currently enjoys rating of 8.7 from 10 with Booking.com, 4.7 from 5 with Expedia, and 5 from 5 with Tripadvisor. As indicated by these external agencies and guests alike.
The current managers choose to rent an ocean-front apartment in the complex, and rent their apartment (26) to guests. The rental income from the managers apartment almost offsets the rent paid to the owner of the ocean-front apartment this is a lifestyle choice by the current managers.
The current Managers have developed an efficient after-hours check-in system which affords them a break each week from Saturday afternoon until Monday morning, and public holidays, which allows them the freedom to enjoy the beautiful island lifestyle Stradbroke has to offer.
They also have an after-hours answering service Nitel who screen all calls outside of office hours, and have a knowledge of the complex, and only contact the managers if there is a genuine need for them to attend to anything that needs a management decision.
Managers Apartment $559,000
Management Rights Business $1,153,066
Total List Price $1,712,066 with a net profit of $256,237 as verified by industry accountants.
The office / reception, conference room, linen / storage room, are all on title and are all included in the unit price above.
For your chance to change your lifestyle contact Mike Mallory for further information on this outstanding opportunity on 0409 494 098 or email mikem@raas.com.au

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Price: $1,712,066    Building: 5m²    Occupancy: Vacant

Suburb Summary -

Below you will find the average advertised Sale Price, Rent & Yield for this suburb.

* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list on Commercial Property Guide.
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