Freehold Brisbane Hotel for Sale Reduced to Clear

◆ Brisbane – Boutique Hotel (Freehold)◆ Annual Profit $600,000 ◆

2032 Olympic Hosting City - BUY & HOLD Strategy

Overview

* Location: Brisbane CBD

* Land Size: 405m^2 (Freehold Title)

* Zoning: MU1

* No Heritage Listed

* Rooms: 17 Rooms + on-site manager’s residence

* Recently completed extensive renovations, costing $1.2million

* The property value to continue to rise till the game in 2032 and enjoy the passive income till then.

Turnover & Profit

* Annual Turnover: $824,557 (FY22/23 estimate)

* Annual Operating Profit: $601,214 (Professional Accounting Report Available)

Employees

* 2 Owners

* Cleaning & Linen Service done by contractors

Hotel Room Configurations (17 Rooms)

* Every rooms have different unique themes

* 1 x Deluxe King
* 1 x Deluxe Twin
* 3 x Deluxe Single
* 12 x Deluxe Queen
* 1 x Self Contained Manager's residence

Potentials & Remarks

* Under Management Opportunity- Hire an on-site manager who will manage the hotel on your behalf or lease the entire hotel to professional hotel operator

* Redevelopment – Extension adding 2 floors. This would add additional 27 hotel rooms subject to council approval.

* Concept plan available.

Enquiries:

Alex Young Kim
Principal (Licensee-In-Charge)
Licensed Real Estate and Business Agent | iDEAL Realty Advisors
Suite 02, Level 7, /9 Delhi Road North Ryde, NSW 2000 Australia

T: +61 414 088 089 | E: alex.idealrealty@gmail.com

Disclaimer: All information contained herein has been furnished to us by vendor and third party suppliers. We have not verified this information but have no reason to doubt its accuracy. We do not accept any responsibility to any person for its accuracy and do no more than pass it on. Suggested financial guideline may have been impacted by the COVID impacted due to volatile trading conditions. Uploaded photos may not be actual and illustration only. All interested parties should make and rely upon their own inquiries to determine whether or not this information is in fact, accurate.

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