Under Contract

ESTABLISHED BUSINESS ONLY COMPLEX IN 'THE GABBA' WITH SHORT-TERM LETTING OPTION!

Fantastic opportunity to acquire the established management and letting rights to a stunning business-only complex in the heart of Woolloongabba. The mid-rise apartment complex is currently run as a permanent letting business, but the agreements allow for short-term conversion and it is ideally situated to attract this target market.

ResortBrokers is excited to offer The Foundry business to market, with recently topped up agreements, a solid letting pool and verified net profit of $296,581 it has all the hallmarks for continued success and high performance that experienced operators look for.

  • Comprises 88 apartments with one retail lot to ground level
  • Total current onsite letting pool of 58 apartments
  • Run under one single Body Corporate Scheme only
  • Business-only with no office or real estate to buy and no requirement to live onsite
  • No set office hours in agreements
  • 24 years remaining on Caretaking and Letting Agreements
  • Beautiful rooftop with city views offering lounge and BBQ area
  • Podium level swimming pool and BBQ area.
  • Verified net profit of $296,581 with $125,929 BC salary
  • Run under by owner-operator with contract cleaners and gardeners
  • Ability to convert letting appointments to short-term if desired
  • All inspections by appointment only

 

 

Alex Cook

Interested? Why not give Alex Cook a call on 0467 600 610 or