Management Rights - Kangaroo Point, QLD

Kangaroo Point, QLD

$1,982,500

Property Description

Boutique Hotel Management Rights in Kangaroo Point

This is a well run hotel There is unlimited future growth for this complex. It has well established corporate clients and a restaurant and bar that has considerable expansion available.

Please contact Exclusive Agent Robert Collins on 0404678792 or robertc@raas.com.au
Financial Overview

Body Corp Salary:
105000
Anniversary Of Body Corporate Salary:
Body Corporate Salary Review:
CPI
Net Profit:
$225,000
Manager's Unit Price:
$835,000
Management Rights Price:
$1,147,500
Letting Business

Est. Year Built: 1998
Total Units In Complex: 40


Inside Letting Pool

Permanent: 0
Holiday: 0
Corporate: 39
Total: 39

Outside Letting Pool

Lock Up: 0
Outside Agents: 0
Self Managed: 0
Owner Occpd: 1
Total: 1

Number & Type In Letting Pool
Number Type Features
40 1 Bed Studio Fully Furnished, air con, kitchen.
Bed
Bed
Tariffs

Booking Type Details
Permanent S
Corporate Corporate $150-$265 per night
Holiday nil
Manager's Unit & Office

Manager's Unit Size: 3 Bedrooms , 2 Bathroom
Office Reception: On Title
Office Software: Hirum,
Office Hours: Nil
Storage: Plenty
Office Computer: Yes
Module: Accommodation
Agreement Term: 25 years
Years To Run: 20 years,
Manager's Unit Description: Three bedroom,ground floor two bathroom, air con to all rooms, wooden floors, balconies, ceiling fans, 196 SQ MTS. This is a large homely apartment.

Facilities

Pool: Yes
Spa: No
Gym: No
Tennis Court: No
Sauna: No
Foxtel: Yes
Cable Installed: Yes
Pets Allowed: Yes
Barbeque Area: Yes
Wireless: Yes

Other Facilities: Pet with BC approval.
This complex is being offered for for sale You are buying a successful short term boutique hotel that has long term rentals as well as a restaurant and bar . All equipment including kitchen, bar, office, cleaning, and gardening is included. Right in the middle of busy Kangaroo Point. Real estate Lot 1 the managers residence $500,000, Lot 34 a one bed unit $110.000 Lot 42 & 42 Restaurant and bar $225,000 Total $835,000 for the lot, Income $225,000 conservatively P&L shows more .

Property Agent

Robert Collins

Robert Collins

Phone: 0404 678 792
Office: 1300 282 370

Email Listing Agent

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