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Hotel/Leisure For Sale found in WEST END, QLD 4101

Properties located in the surrounding suburbs

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

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

BRISBANE CITY WITH INCOME

Retail | Hotel/Leisure

Ideal location
Secure tenancy
Ground floor retail space
Fully leased on a 5x5 year lease to Malt Traders and situated in an ideal location, this ground floor strata space is now offered for sale. 90 m2 of prime Brisbane City retail space with income. $83,000 p/a gross rental with a net of $70,000 p/a.

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Price: Contact Agent    Building: 90m²    Occupancy: Vacant


NEAR NEW CITY FRINGE MANAGEMENT RIGHTS FOR SALE

Hotel/Leisure

The location speaks for itself with this 3 year old apartment complex on the hilltop with commanding views to all points of the compass.
The complex has been set up to run like clock-work and being close to both the CBD and University of Queensland tenants are not hard to find.
The grounds are easy to look after with a small grassed patch, swimming pool and BBQ to maintain as well as the under building secure car parking.
The net income has been prepared by a recognised Management Rights Accountant to provide the confidence purchasers look for when buying.
The 2 bedroom Manager's apartment is modern in both design and the fit-out. A two pack kitchen with high quality appliances sets the standard. The living area opens out via bi-folding doors to a private patio making good use of the extra space.
The attached office is classified as Occupational Authority to the manager. There are also a number of storage areas with one of these being fitted out with shelving and work bench facilities.
The unit and business present in first class condition and offer peace of mind to those purchasers looking for that ideal opportunity.
Please call Exclusive Agent, Jim Prentice 0412 984 684 or E jimp@raas.com.au to arrange an inspection at your earliest and remember, BE QUICK or MISS OUT.
* Easy care grounds to maintain
* Fibre optics cable installed
* Walking distance to UQ
* Hill top location with views.
* Bus inter-change and railway station about 300m walk.
* 3 year old complex.

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Price: $1,256,200    Building: 5m²    Occupancy: Vacant

UNIQUE CBD HOTEL FREEHOLD

Hotel/Leisure | Development/Land

* 58 room hotel accommodation + restaurant
* Lease 10 years plus 5+5+5+5+5 options
* Commenced 01/04/2015
* 3% annually and market review at options
* 359 sqm site with 2 secure car spaces
* Yearly Rent: $494,967 net pa
Building:
Homely and stylish four star City Edge Brisbane features everything for your relaxing and comfortable stay, whether you are on holiday or work travel. The building consists of 58 hotel rooms comprising double, twin, family and superior rooms. Each room has its own bathroom and fitted with modern furniture and mini fridge. Large restaurant with commercial kitchen when functional will be providing breakfast, lunch and diner for guests.
Location:
The Hotel is located in the heart of Brisbane CBD. Just a 3-minute walk to Queen Street Mall, Treasury Casino and Roma Street Transit Centre.
South Bank Parklands and Beach, Suncorp Stadium and Fortitude Valley are all 15 minutes walk each from City Edge Brisbane.
It is opposite the new Brisbanes court precinct and only a stones throw away from the proposed $2 Billion Brisbane Live Entertaining Arena Precinct.
This is an excellent opportunity for an investor to own this unique CBD hotel as a long term investment and enjoy attractive rental income from an experienced operator..
A rare opportunity not to be missed!

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Price: Offers Invited    Building: 359m²    Land: 359m²    Occupancy: Vacant

CASH FLOW BUSINESS, REFURBISH, REDEVELOP!

Investment | Hotel/Leisure

Description:
This long established short term accommodation site is located walking distance to the CBD hospitals and central station. It has 11 rooms over 2 levels and some onsite parking. Current T/O approx. $10,000/week. NLA- approx. 500m2, land area - 696m2. Potential 5 level redevelopment. STCA.
Contact exclusive agent Richard Bomhof for an inspection and information memorandum.
Location:
The inner city suburb of Spring Hill offers your business a central location with easy access to the CBD, Gateway Motorway, Brisbane Airport and Inner City Bypass. Serviced well by banks, post offices and only a 15 minute walk to Queen Street Mall, Spring Hill is a fantastic location.
Area: Total: 500m2
Land area: 696m2

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Price: Expression of Interest    Building: 500m²    Occupancy: Tenanted

SUBURB PRICE GUIDE

Suburb Summary - West End, QLD 4101

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

Price (m²) Rent (m²) Yield
Offices $4113 $343 8.34%
Retail $5689 $464 8.15%
Industrial $2743 $197 7.17%
* 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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