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Management Rights Businesses for Sale in Fortitude Valley, QLD

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Management Rights
FORTITUDE VALLEY, QLD
MR $2.19M + Unit $550k = $2.74m
Ras360 is proud to present the management rights to Central Brunswick Apartment Hotel, in the heart of Fortitude Valley. This established 82-lot complex blends holiday and permanent letting, with strong existing income and real upside for a proactive operator.Key numbers:- $391,652 net profit, with proven business performance- $133,730 body corporate salary, reviewed annually by CPI or greater- Agreements topped up to 23 years under the Accommodation Module- $2.19M business plus $550,000 manager's unit, $2.74M totalGrowth: of the 82 lots, 34 units are in the letting pool (26 holiday/short-term and 8 permanent). A further 24 units are managed by outside agents and 23 are owner-occupied, giving a motivated operator room to grow the pool and income over time.Operations are already set up with Hirum software and SSKB strata management, so the new owner can focus on business development from day one.The manager's residence: a ground-floor, single-level one-bedroom unit with one car space. The reception and office are attached on the same title, with exclusive-use reception and storage and a level-seven housekeeping storeroom.Guest facilities: heated indoor spa, sauna, fully equipped gymnasium, BBQ area, secure under-building parking, guest WiFi and smart TVs.The bottom line: strong existing income, 23 years of agreement security, streamlined operations and clear growth potential in one of Brisbane's most vibrant inner-city locations.**Ras360 Specialists in Management Rights | Motels | Hotels | Pubs | Parks**