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Hotel/Leisure For Sale found in SPRING HILL, QLD 4000

PRIME LOCATION CORPORATE LETTING BUSINESS

Hotel/Leisure

MASSIVE PRICE REDUCTION FOR EARLY SALE. The Vendor has reduced the price by a very substantial amount. Vendor moving inter-state to be with family. The building is located in a prime position on the fringe of Brisbane's CBD. It has a 4 star rating and was recently awarded, by Booking.com, a certificate in recognition of its'very high enquiry and booking achievements. Lots of repeat business.
The complex presents the apartments to a very high standard, complete with Smart TVs and WiFi. These two items alone make the building a top destination for repeat business, travellers or longer staying tenants.
The business can be run by a two person team although the current Manager chooses to employ staff. A wages expense has been built into the P and L.
The complex was recently internally re-painted and new carpet laid throughout. The exterior is due for a re-paint this year with all cost coming from the sinking fund.
Interested buyers will need to sign a CONFIDENTIALITY STATEMENT before sighting more detailed information. A Profit and Loss statement has been prepared by an Industry Accountant for a Purchaser's peace of mind. Please contact Jim Prentice 0412 984 684 or E jimp@raas.com.au in the first instance.
The asking price of $2.6m includes the spacious manager's apartment on the 2nd level.
All rooms have Smart TV's and WiFi system installed, paid for by the current Manager. This entertainment income at $25 p/night per booking is included in the tariff.
Currently the building is top of Booking.com for enquiries and running about 70% occupancy which is above the average for short term letting.
Buses at the door, Supermarket a two minute walk away.

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Price: $2,600,000    Building: 5m²    Occupancy: Vacant

CBD MANAGEMENT RIGHTS FOR SALE

Hotel/Leisure

High demand Permanent/Corporate rental building very close to large tenant catchment locality, hospital, Govt and private commercial enterprizes. Occupancy remained strong Net income verified by Industry Accountant.
A hard to find Managers 3 b/room Apartment with 4 car parks, that includes one on title and three exclusive use. Very low caretaking, popular complex. This is a wonderful business opportunity. many other extras and income explained at time of inspection
Please contact Robert Collins Exclusive Agent on 0404678792 or robertc@raas.com.au
Walking distance to CBD.
Popular short term letting precinct with major client base nearby.
Bus route at the door.
Manager can have small pet with B/C approval. Free Bus directly out the front. Spring Hill Loop Service.

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Price: $1,789,000    Building: 5m²    Occupancy: Vacant

Properties located in the surrounding suburbs

CORNER SHOP WITH EXCELLENT EXPOSURE

Retail | Hotel/Leisure | Medical

- $85,000 net pa with 3% increase annually
- 5 + 5 year lease commencing 31/10/2016
- Located in one of the best locations in South Brisbane
- Large outdoor area with busy foot traffic
- 1 secured car space and locked-up storage area
- Surrounded by dense residential tower developments
- Melbourne Street is increasingly popular with trendy restaurants and bars

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Price: Expressions of Interest    Building: 142m²    Occupancy: Vacant

KELVIN GROVE MANAGEMENT RIGHTS

Hotel/Leisure

This beautiful Management Right has several features that makes it unique, Close to everything. Stylish new building with great amenities at a price that can be afforded.
P&L has been done by Management Rights Accountant and is available. Valuation on unit has been done by Management Rights specialist Valuer and is available,
Please contact Robert Collins Exclusive Agent on 0404678792 or robertc@raas.com.au
You are right in the heart of everything. The potential is enormous It will pass all inspections. Over looking a beautiful park The second complex is 50 mts across the park. No unit but an office used as a large store room.

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Price: $2,225,000    Building: 5m²    Occupancy: Vacant


KANGAROO POINT MANAGEMENT RIGHT

Hotel/Leisure

This is one of the iconic buildings in Dock Side
as well as one of the most prestigious buildings up the road to do caretaking for only.
The managers unit has been valued by a Management Rights Specialist for value and the P&L has also been done.
Both agreements have been topped up to the fullest and the Gallery V has been taken out. The Chairperson of both complexes are aware of the sale and are happy to meet with the new buyer.
Please contact Robert Collins Exclusive Agent on 0404678792 or robertc@raas.com.au for an inspection.
Body Corporate provides and pays for all gardening requirements, pool cleaning and general cleaning. No work to do except open the office and supervise. In the middle of arguable the best precinct in Brisbane with 2 ferry, bus, taxi,right at your door as well as restaurants and all the amenities you need.

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Price: $2,174,000    Building: 5m²    Occupancy: Vacant

SUBURB PRICE GUIDE

Suburb Summary - Spring Hill, QLD 4000

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

Price (m²) Rent (m²) Yield
Offices $3944 $369 9.35%
Retail $4405 $401 9.10%
Industrial $105
* 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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