Sold
BRISBANE'S BEST SHORT-STAY MLR - $961,000 NOP
A once in a lifetime opportunity to acquire a truly unique hotel business in Brisbane CBD. The management rights & associated real estate to Manor Apartments Hotel presents a rare and exciting opportunity to secure a high netting business generating over $960,000. This stunning heritage listed building, located on Queen Street, has an iconic 1930’s facade and is regarded as a first choice for short-term accommodation.
A once in a lifetime opportunity to acquire a truly unique hotel business in Brisbane CBD. The management rights & associated real estate to Manor Apartments Hotel presents a rare and exciting opportunity to secure a high netting business generating over $960,000. This stunning heritage listed building, located on Queen Street, has an iconic 1930’s facade and is regarded as a first choice for short-term accommodation.
EXPRESSIONS OF INTEREST CLOSE FRIDAY 14TH OCTOBER, 2022 AT 5PM AEST
- Net profit
- $961K
- Asking Expressions of Interest
- Status
- Sold
The business at a glance.
- 13 storey mid-rise, comprising 44 apartments
- 36 apartments in the short-term letting pool, 9 are twin keyed, providing 44 keys
- 23 years remaining on the Caretaking and Letting Agreements
- Manager’s office/unit, plus separate breakfast room on freehold title
- BC salary over $80,000 p.a.
- $961,334 verified net profit from industry specialist accountant
- Presented to an incredibly high standard
- Strong current and historial performance (pre and post pandemic conditions)
- Continually achieves top online reviews in Brisbane and benefits from extensive repeat clientele
- All suites have had some degree of refurbishment and the majority have been completely renovated in recent years
- All inspections by appointment only
The asset, the manager unit, the location.
Brisbane, QLD
Brisbane, QLD
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