ResortBrokers proudly presents Central Brunswick Apartments, a prime short-term Management Rights opportunity in bustling Fortitude Valley. With a significant net profit of $521,153, this asset offers 31 short-term (hotel) apartments as well as nine permanent lettings.
The occupancy rate stands at a very respectable 73% (levelling after the post-covid travel boom), with over 46% of income derived from body corporate salary, substantiating the value of this accommodation business. The opportunity is enhanced by the optional precinct caretaking role which fits perfectly with hotel operations. The manager's unit is recently renovated and ideal for onsite staff.
This investment is poised for growth as Brisbane prepares for the 2032 Olympics, with excellent upside potential for the savvy operator!
Interested? Why not give Frank Matus a call on 0435 742 698 or frank@resortbrokers.com.au
Or... call Nathan Benjamin on 0459 955 649 or nathanb@resortbrokers.com.au