BRISBANE CBD PERMANENT MANAGEMENT RIGHTS WITH NET OVER $600,000

Vue Apartments is a landmark building located overlooking the Brisbane river on Quay Street, a short stroll into the central Brisbane district. Superbly placed for long-term tenancy, it offers both furnished and unfurnished apartments with 100% occupancy due to the prime position and convenience to both South Bank and the city.

• Recently topped up agreements with over 21 years remaining
• Total of 186 apartments with 72 units in the onsite letting pool + 5 external lots being sold with the business
• Body Corporate salary of $327,680 per annum, increases inline with CPI annually
• Net profit of $604,780 & external letting income of $16,079
• Currently operated by a two-person management team
• Requirement for manager or norminee to live on-site
• Freehold title operational areas include a reception & office - $200K
• Manager's 3 bed, 2 bath unit with 155sqm floorplan - $750K
• Facilities include pool, spa, sauna, and gym
• Easy access to motorway and Inner City Bypass
• Short walk to CityCat ferry, train or bus
• Few minutes’ drive to elite private schools (BGS and BGGS) and University. 
• Walking distance to South Bank and CBD entertainment district.
• All inspections by appointment only