ResortBrokers proudly presents Central Brunswick Apartments, a prime hotel and management rights opportunity in bustling Fortitude Valley. With a significant net profit of $406,307, this iconic accommodation business offers 31 short-term (hotel) apartments as well as nine permanent lettings.
The occupancy rate stands at a very respectable 73% (leveling after the post-covid travel boom), with a significant income ($125,962) derived from body corporate salary, substantiating the value of this accommodation business.. The manager's unit is recently renovated and ideal for onsite staff. There is flexible opportunity to increase income with 32 self-managed apartments and outside lets, alongside an optional caretaking business (figures to be requested).
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
