Hotels and Leisure for sale in Brisbane

This is an amazing opportunity to own this well established wholesale gourmet patisserie bakery situated only few minutes drive from Brisbane's CBD. Operating successfully for over 20years, this bakery has created a strong reputation for quality and excellence supplying many major brand companies and hospitals. This is a great buy for first time business owners or someone who wants to expand an already successful business and enlarge it even further. The Bakery is ideally located in one of the busiest industrial hubs of Brisbane. It is well known for its superb gourmet patisseries, gluten free products and beautiful desserts. This business prides itself for its quality and reputation to providing customers in South East Queensland. You know how well a wholesale bakery business is due to the customers it provides to and the quality of its products. This bakery has a large data of excellent customers such as the private and public hospitals, major Sports Clubs, RSL clubs and national branded cafe chains and many more to mention. It also provides to many cafe takeaways, restaurants as well. The potential of this business is huge and is ideal for someone who has the drive to take it to the next level. Including in the sale of the business is all the manufacturing equipment, office equipment, current stock, commercial fridges, pallet jack, and 3 workmate utes that have full refrigeration units for delivering orders. The business could also be easily re located to new premises in required. There is also the opportunity to dramatically expand the business by promoting its online ordering website platform to current and new markets specially internationally. Features of this wholesale bakery: Well established wholesale gourmet patisserie bakery for over 20 years Turnover of $1,200,000 Annually Fully equipped commercial kitchen and distribution High growth potential Lifestyle change opportunity for passionate new owners Outgoing owner willing to provide training to the buyer This excellent wholesale bakery is just a few kilometres away from Brisbane CBD, and offers the best of both worlds. Also, its popularity can be leveraged to increase the profits through online sales and provide its products to newer markets. If you are looking for a treechange in your life, then don't wait any longer. Call on the number mentioned above for a confidential discussion TODAY!

Located in a prime Spring Hill location, this 3 levels classic Queenslander on a generous allotment is ideal to continue trading as a highly successful accommodation business, or can be easily converted to an office. Tastefully renovated with luxurious interiors 7 spacious rooms, each with air conditioning, ceiling fan, and private ensuite bathroom Potential to add extra rooms at minimal cost Rainforest alfresco area to cool down in those hot summer nights City view Walk to Queen Street Mall, restaurants and medical precinct Endless possibilities with this versatile property, call for an inspection. Spring Hill is within walking distance of the CBD, Brisbane River, Fortitude Valley, and also near many prestige schools. The number of Queenslanders in the suburb is dwindling fast as many are being demolished to make way for high rise apartments. Price $1,750,000 (freehold & business) For more information about this opportunity, please complete the Confidentiality Agreement quoting reference no #3726. https://absbusinesssales.com.au/confidentiality agreement Broker: Terry Tai | E: terry@absbrisbane.com | P: 0432 775 499 Head Office | P: 07 3368 4010 | E: reception@absbrisbane.com

STAGE 4 OCCUPY OR INVEST! FIRST HOME BUYERS TAKE NOTE! Acacia Waters features a selection of open plan 1, 2 and 3 bedroom residences. Each unit combines professional finishes with quality fixtures and fittings and are cleverly designed to maximise space. Apartments feature generous size balconies offering good natural light, inviting the outdoors in and creating bright, breezy spaces ideal for long term living. A landscaped alfresco area incorporates a pool, BBQ facilities and break out area exclusively for residents to relax and enjoy. Nearby parks and wet land areas combine well with shopping village, restaurants and entertainment allowing balance between work and play in this city oasis. Other features include Dual split system air conditioning Fully equipped kitchens Quality stainless steel appliances Intercom system and secure under cover parking Good depreciation allowances available 2 Bdr, 1 Bth, 1 Car priced from $307k & 1 Bdr, 1 Bth, 1 Car from $273k For more information or to inspect please contact Lindsay Johnson 0402 570 353

Ray White Commercial (QLD) and Ray White Commercial Bayside are pleased to exclusively offer Shops 1 2 / 15 East Coast Road, Point Lookout (North Stradbroke Island) QLD for sale individually. Shops 1 2 / 15 East Coast Road represent the opportunity to acquire one or two entry level beachfront retail investments in Queensland's most tightly held suburb (19.7 year average hold) for residential property^. Key Investment Attributes: bull; Shop 1 Bakery $525,000 (7.42% yield) bull; Shop 2 Fish Chip $775,000 (8.16% yield) bull; 10 year net leases expiring 2023 bull; 67 97sqm tenancies plus al fresco dining areas bull; Guaranteed income growth with 4% annual increases bull; Tenants pay for all outgoings including management fees bull; Secure income underpinned by 3 month security bonds and personal guarantees bull; Complimentary tenancy mix ideally positioned in high traffic tourism precinct bull; Net incomes from $38,933 to $63,266 + GST pa . Call Michael Feltoe or Nathan Moore to arrange access to additional information, the contract of sale or to organise an inspection. Approximately. ^Courier Mail

143m2 well established tenant ground level restaurant / bar Stunning fit out, plus exclusive alfresco area car parking Secure investment amongst busy Fortitude Valley CBD precinct, residential towers, office buildings walk to Chinatown Dual street access off Brunswick Street Martin Street, 2 level abundant customer parking Rear shop access for delivery Net income approx $60,000 pa plus GST Approx Disclaimer: Ray White has not independently checked any of the information we merely pass on. We make no comment on and give no warranty as to the accuracy of the information contained in this document which does not constitute all or any part of any offer or contract by the recipient. Prospective purchasers / lessees must rely on their own enquiries and should satisfy themselves as to the truth or accuracy of all information given by their own inspections, searches, inquiries, advices or as is otherwise necessary. No duty of care is assumed by Orchid Avenue Realty trading as Ray White Surfers Paradise Commercial divisions toward the recipient with regard to the use of this information and all information given is given without responsibility.

Ray White Commercial North Coast Central is pleased to offer this unique asset located at 55 Lower King Street, Caboolture for sale. Presenting a return of circa 10%, this is an opportunity not to be missed. Key Features: Modern two story, 15 room Back Packers with 120 bed capacity Prominent location, within the Caboolture Centre Incentives Area Tightly held accommodation market Only Back Packers in Caboolture Leased to September 2019 with 3 x 3 year options $250,000 per annum net income Solar Power Short walk to Caboolture Train Station and local Shopping Centre Motivated Vendors have given clear instructions to sell, present all offers! For further information or to arrange an inspection, please contact Chris Massie.

Long term owner is liquidating their investment portfolio at "UniLodge on Margaret" and this presents an excellent opportunity for the savvy investor. The portfolio consists of 3 Units which can be bought separately or as one. Uni Lodge on Margaret offers market leading fully furnished student accommodation and is centrally located in the CBD close to University's, transport links and shopping precincts. This is a unique and profitable holding that may well suit private investors, Self Managed Super Fund owners or yield seeking parties as well as an opportunity for education providers who may be seeking further customer/ faculty accommodation. The newly renovated facilities at "UniLodge on Margaret" include an outdoor pool and BBQ area, a student lounge, and a fully equipped industrial kitchen. There is also a coin operated laundry area, licensed cafe and convenience store on the premises. This makes it a highly desirable accommodation centre location for students. Brisbane itself is poised for strong growth and investment in a high density inner city location could prove exceptionally profitable, with Australia's leading Demographer, Bernard Salt recently reporting that "Brisbane is on the brink of becoming a major international centre underpinned by booming population growth and a "network of cities''." The 2017 population growth for Queensland outstripped all states in terms of net internal migration Brisbane's growth will be driven by significant population upswing, immigration, and the rise of the knowledge economy and tertiary educated workforce, according to the report. Overview of Units for Sale: Unit 910 18m2 Sale Price $117,500 Unit 2409 19m2 Sale Price $140,000 Unit 2315 19m2 Sale Price $150,000 All 3 units are currently tenanted with leases in place until the 29th June, 2019. Call Exclusive Marketing Agent Joshua Jones 0411 829 531.

This charming property for over thirteen years has been the renowned ‘Cream Gables’ a council approved Bed and Breakfast home business. There are a multitude of other options for this property such as: long term room/suite rentals, a grand two storey home ideal for an extended family or the perfect set up for dual occupancy. The configuration of the property allows for all these options to occur effortlessly. This beautifully maintained residence in the heart of New Farm is a rare offering and must be inspected to be truly appreciated. An Information Memorandum or inspection is available upon request! 7 Bedrooms, 5 Bathrooms, 4 Car Spaces Ground Level: Three bedrooms and three bathrooms All bedrooms are ensuited and provide direct access to outdoor living spaces Kitchen, living and dining feature polished timber floors French doors open to rear covered patio Front enclosed courtyard Wheelchair friendly and ceiling fans throughout Two laundry’s, one internal and other in garage Two remote controlled lock up garages and two additional off street spaces First Floor: Four bedrooms and two bathrooms Master bedroom with ensuite and bay window Three of the four bedrooms open onto outdoor living spaces Spacious open plan living and dining Kitchen flows from living and dining onto large rear covered deck Private front verandah and enclosed sunroom Polished timber floors, high ceilings, VJ’s, decorative fretwork, archways and french doors Air conditioned and ceiling fans throughout Rear deck overlooking luscious landscaped gardens Outdoor sundeck sanctuary with retractable shade sail overlooking spa Positioned on a 392m2 block bordering Fortitude Valley and Brisbane City just metres from local shops, cafes, restaurants, schools and public transport. The Howard Smith Wharves have opened to the public and provides two glass lifts from the top of the cliffs to the boardwalk, one at Bowen Terrace and one in Wilson Outlook Reserve bridging the gap between the city and New Farm, the HSW includes a new riverside parkland, dining, retail, tourism centre and spaces for hosting events such as cultural and food festivals through to restaurants and the bars making this an exciting new destination for tourists and residents. This prime location allows easy access to both the Gold and Sunshine coasts and the Brisbane Airport.

This landmark, historic, former Woolstore building is ideally located opposite the Gasworks precinct. It has a great vibe and a variety of tenancies and end of use facilities. 2,950sqm^ NLA across 3 levels Net passing income of $1,613,589^p.a. (as at 1 November, 2018) 1,504sqm^ land parcel commanding a dominant corner position Prized heritage listed asset Unrivaled reset costs with sub 10% incentives and consistently strong rental growth Multiple strategies available for further value creation including under utilized existing area and current DA to further develop on surplus land Clear potential to increase current rental based on recent surrounding deals Diverse tenancy profile with majority of the income secured by a number of long standing tenants Ideally positioned in the heart of Brisbane's most desired mixed use precinct directly opposite Gasworks & within 1.9km of the Brisbane CBD NABERS Rating: 4.5 stars Please call Your Commercial to arrange an inspection.

This prime development opportunity is strategically located opposite Castletown Shopping World, Lakes Central Retail Centre and the Hyde Park Centre currently utilised as a recreational facility it may lend itself to a wide range of development opportunities STCA. Existing features include: 250sqm amenities building with M/F toilet and shower facilities, food kiosk and office 70sqm undercover seating/BBQ/function area 4 x full size beach volleyball courts with floodlighting 10m shaded, tropical style inground pool 25 on site car parks Approximately For further information or to arrange an inspection please contact Steve Whaling on 0423 267 909 or e mail steve@epcnq.com.au

An historic hotel established mid 1800 and apos;s on the New England Highway at East Greenmount about 15 minutes South of Toowoomba The hotel is set on 1.1 ha of land with great exposure to the highway It is a two storey timber building and comprises on the ground level, a main bar, dining room, modern kitchen, office, store, ablutions, bottle shop and drive thru and a beer garden. Upstairs contains: 5 hotel bedrooms, Owners/Managers residence, ablutions, lounge/tea making room and front verandah The current owner has been operating the hotel for approximately 8 years and has genuine reasons for selling Accountants trading statements and comments are available for genuine enquirers. Turnover for 2012/2013 projected at mid $500,000.00 The business and real estate are offered for sale at $695,000.00 + SAV approx..

Situated next to the Brisbane River and near Brett's Wharf Ferry Terminal, Well known name: Hamilton Motor Inn. Five story complex offering 3.5 star accommodation and conference facilities. Included Stand rooms, Twin rooms and Family rooms. 22 rooms in total high income and life style. Turn over over $584k. Restaurant Gross floor area total approximately 510m2 Restaurant Internal 166m2 Restaurant External 343m2 Fully equipped commercial kitchen Excellent location just off Kingsford smith drive High income demographic Excellent exposure and signage opportunity Customers parkings Long lease with 3x 5 years option 15 minutes from the Domestic and International airports and 10 minutes from the heart of Brisbane city Potential: Potential for high income Potential renovation and room rate increase Potential to buy the business together with the whole building & Land Potential to redevelopment Kingsford smith drive upgrade: The Kingsford Smith Drive upgrade will involve widening the road from four to six lanes between Theodore Street at Eagle Farm and Cooksley Street at Hamilton. https://www.brisbane.qld.gov.au/traffic transport/roads infrastructure bikeways/current road intersection upgrades/kingsford smith drive upgrade hamilton Hamilton is one of Brisbane's most popular suburbs located just 7km to the CBD and easily accessible to major arterial roads. This location provides easy access to public transport and is well serviced by local amenities. Price: Contact agent Inspection: By appointment Address: 422 Kingsford Smith Drive Hamilton QLD Contact: Conan Li 0404 617 767/ 073373 9887 Email: conan.li@yong.com.au Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.

869m2 of development land Current zoning allows 4 storey development Residential development land 13km from Brisbane CBD Area dubbed the "New Nundah" by the Courier Mail Existing commercial shops on site 3 Commercial tenancies with holding income Ideally located next to the Zillmere Railway Station Site is across two lots Regular shaped block ideal for development First time on market in more than 45 years Ideal location for apartments next to transport hub Join Brisbane's development boom Precedent for successful apartments directly opposite site Excellent location just off busy road, next to station Within the Zillmere commercial area, adjacent to banks, shops & cafes Signage can be seen from main road Strategic Northside location Growth Suburb currently undergoing rejuvenation Buy now before the suburb booms For sale by formal offers to purchase For more information or to arrange an inspection please call THE EXCLUSIVE AGENT Stan Topp of Brendale Commercial & Industrial NB: Commercial sales prices are excluding GST. Commercial lease prices are per annum + outgoings + GST. All sizes are approximate. Property Code: 1034

810m2 of 8 metre internal clearance 16 Undercover car parks Under ground lock up garage Full live in facilities Container Height roller door access Ray White is Pleased to offer this exceptional tilt Panel Freestanding property Located just off the Service road in Springwood. Just minutes to the Motorway Connecting your business with the Brisbane and Gold Coast Corridors.

Sunset Blue Function Centre situated at Scarborough Boat Harbour on the beautiful Redcliffe Peninsula, has an outlook that is nothing short of breathtaking! The views from the balcony and function room which overlooks the Harbour. Glasshouse Mountains and the Bay seem endless; this commanding Harbour side location displays the most impressive of seaside sunsets. bull; One of Queensland's most renowned seafood function locations bull; Located on stunning Scarborough Boat Harbour bull; Expand and grow from 20+ years of function excellence bull; Award winning 'Best Reception Venue' three times bull; Experience one of the finest sunsets in South East Queensland bull; The room is equipped with indoor / outdoor bar, large dance floor with lighting effects, stage, microphone and lectern, lift and facilities for the disabled and architectural lighting effects bull; Sale price includes building, all kitchen equipment, cold rooms and complete package minus stock on hand bull; Bookings until December 2014 bull; Owner has priced this iconic site well below replacement cost Call the exclusive agents for the opportunity to acquire an established and successful business. MD REF: 10504679

Management Rights For Sale Low Demand Permanent Business + Magnificent Manager’s Home Permanent management rights and letting business in beautiful Bardon, Brisbane  Only 20 minutes drive to Brisbane GPO  Beautiful three bedroom + study, two bathroom managers home with great outside entertaining area  Small and easily managed letting pool of 5 lots. 48 townhouses in total in gated complex  The sellers both have jobs outside of this business  Gardens are easily maintained, only a few hours per week  Full 10 year agreements at settlement  No requirement to reside onsite and no set office hours It is all about a fabulous lifestyle with an income in a beautiful setting. For the past 12 years the current managers have raised their family and enjoyed this business, but the children have grown so it is time for someone else to experience the great opportunities that they have had. Bardon is a suburb of the City of Brisbane, Queensland.  Bardon is a leafy residential suburb, much of which nestles into the foothills of Mount Coot tha Net Profit: $65,000 Asking Price: $898,500 (Inclusive of managers real estate) For further information or to arrange an inspection of this Brisbane management rights contact: Exclusive Agents Greg Jorgensen – 0407 721 335 Susan Jorgensen – 0409 614 478

Brisbane Management Rights For Sale $450,000 Net Profit – 75% Occupancy Just under 70% of units form the letting pool  Full 25 year agreements held under the accommodation module  Re paint and carpet internally completed earlier this year  $68,387 + GST annual salary, CPI reviewed  Healthy sinking fund  Extensive exclusive use areas, including managers office and storage areas  Signage on common property approvals  Office hours are Monday to Friday only 8.30am – 5.00pm  The manager can elect to reside in another lot in the complex other than the managers lot  Multiple lines of income including 2016 opportunity to real electricity metering system There are few corporate management rights businesses in Brisbane that present as well as this. Between the excellent hotel quality furnishings, the sensational internet infrastructure, there is little doubt why repeat business is a strong component of this business. The two bedroom, two bathroom 101m² manager’s unit with balcony is very livable. Net Profit: $451,881 (verified by an industry accountant) Asking Price: $3,120,000 (Inclusive of managers real estate) For further information or to arrange an inspection of this Brisbane management rights business for sale contact: Exclusive Agent Greg Jorgensen 0407 721 335 greg@mrsales.com.au

2 storey walk up complex offering 24 x 2 and 3 bedroom holiday apartments 17 in the letting pool Water views from the generous courtyard of the managers 3 bedroom unit Excellent repeat business New large entertainment venue opening nearby, opportunity to grow Low maintenance complex, very easy to run Excellent Body Corporate with 25 year agreements   Net Profit: $151,064. Asking Price: $1,290,000 (inclusive of managers real estate)   For further information on this Brisbane Coastal management rights contact the listing broker: Brad Jeffreys 0488 737 720 brad@mrsales.com.au

Situated in the heart of Spring Hill, Brisbane  Long term managers moving on after 10 years  Building renovated externally and internally in 2014  No grounds or gardens to look after  Manager’s accommodation is a two bedroom, renovated apartment on the third floor with a value of $570,000 (valuation in place)  Harmonious building with long agreements expiring in 2032  Excellent remuneration of $101,593 + GST  Ideal two person building Net Profit: $351,161 (Accountants report available) Asking Price: $2,290,000 (4.9 multiplier) Will sell at valuation Inspection recommended. 60 65% finance may be available.   For further information on this Management Rights business opportunity contact: Exclusive Agent Jake Clarke 0418 663 661 jake@mrsales.com.au

100 metres to the beach! Management Rights Business For Sale Permanent management rights complex in popular Palm Beach, Gold Coast Close to the beach and major shopping. Popular rental location Spacious fully self contained apartments in tropical garden setting 42 lots within the complex, 16 of those make up the letting pool Accommodation module agreements expire in 2032 Body Corporate remuneration is $50,564 Large office attached and on title with no set office hours Two bedroom, two bathroom manager’s residence and two large patios A pet is permitted with Body Corporate approval With a bus stop located directly out the front of the building, public transport is an easy option. However, everything you need is all within walking distance. For further information or to arrange an inspection of this Palm Beach management rights business for sale contact: Listing Agent David Rotheram 0414 706 600 sales@mrsales.com.au

They Don’t Get Much Better Than This Management Rights Business For Sale Palm Beach holiday management rights for sale 16 storey high rise right on the beach 43 units in the letting pool, 2 and 3 bedroom configuration Luxury building with every guest amenity including heated pool, wading pool, spa, sauna, steam room, tennis court, games room, gym and Wi Fi Refurbished pool area and recently painted building Supervisory role for the Manager Long agreements with reception, office and storage on title The restaurant onsite is not part of the management rights Long term managers looking to move on Absolute beachfront property rarely seen on the Gold Coast. Body Corporate employs a gardener and common area cleaner. Two bedroom, two bathroom air conditioned residence plus car space. No set office hours. Net Profit: $371,000 Asking Price: $2,630,000 (Inclusive of manager’s real estate) For further information or to arrange an inspection of this Palm Beach Management Rights business for sale contact: Exclusive Agent Warren Oliver 0416 216 625 warren@mrsales.com.au Servicing QLD & NSW

The Evolution has Arrived! Management Rights Business For Sale Situated in the heart of Beenleigh A short stroll to Beenleigh train station, schools and a myriad of shops and restaurants Ideally positioned to take advantage of the high demand for rental accommodation All units already rented out Great business opportunity with lifestyle Brand new, spacious two bedroom, two bathroom managers residence with attached office on title, air con, ceiling fans, carpets, blinds and light fittings Electronic complex front door, remote control to the two secured basement parking space Pool and barbeque facilities An opportunity exists for the discerning buyer to secure this ‘off the plan’ ‘Caretaker only’ management rights at the right price, with the advantage of also obtaining the Letting rights to the complex for future income. Situated in the heart of Beenleigh, within a short stroll of the Beenleigh train station, schools, a myriad of shops and restaurants, this complex is ideally positioned to take advantage of the ‘high demand’ for rental accommodation in the area. With all units already rented out, this is the opportunity to secure the Caretaking and Letting agreements without the requirement of being licenced to start with. Once in place, there is the opportunity to then start securing a rental pool. Security of income can be assured with 25 year agreements in place. This complex offers a great business opportunity along with a lifestyle component, due to its central location to all of the amenities you could wish for.  Be quick to secure this offering as it will not last long! Nett Profit: $38,400 Asking Price: $399,500 (Inclusive of managers real estate) For further information on this Management Rights business opportunity for sale contact: Listing Broker Ian Forbes 0432 988 625 ian@mrsales.com.au

BRILLIANT ONE PERSON MANAGEMENT RIGHTS BUSINESS No Pool No Spa Very Small Common Areas Great Committee No office hours! Net Profit of $71,504 19 units with 11 in the letting pool Brisbane CBD and Central Railway Station only 5 minute walk away! This is a part time role, small common areas, caretaking time is around 1 hour per day Caretaking & Letting Agreements in one building, Letting Agreement in the other $45,500 annual salary in the main building Real opportunity to grow the business with 7 outside managements in main building Average rents at $480pw all 2 bedroom, 2 bathroom, 1 car space units An easily run, one person operation, no office hours allow a second income. 19 years remain on Caretaking & Letting Agreements in main building. 5 minutes walk to Brisbane CBD and Central Railway Station Net Profit: $71,504 Asking Price: $835,000 (inclusive of managers real estate) For further information on this Brisbane management rights opportunity, contact: Greg Jorgensen 0407 721 335 Susan Jorgensen 0409 614 478

HOLIDAY MANAGEMENT RIGHTS ON BEAUTIFUL BRIBIE ISLAND   16 of 30 lots in the holiday letting pool  2 bedroom managers unit with large air conditioned office overlooking the pool, priced at $305,000  Located across the road from beach (Pumicestone Passage)  Heated pool and BBQ area  Security parking plus ample parking for boats and trailers  Foxtel, Wifi available for guests  Cleaning staff employed (costs included in the figures)  Good repeat trade Holiday complex located on beautiful Bribie Island. Units overlook the large pool and tropical gardens Nett Profit: $146,000 Asking Price: $899,000 (inclusive of managers real estate) For further information or to arrange an inspection of this Sunshine Coast management rights contact: Brad Jeffreys 0488 737 720 sales@mrsales.com.au

All Systems in Place – Easily Managed Business Management Rights For Sale Accommodation module agreements  80 units with half forming the letting pool  Mix of studios and 1 bedroom apartments throughout  $99,472 annual salary  Manager’s unit is positioned on top floor away from the reception/office  The residence is spacious, offering 1 bedroom, 1 bathroom and views. 80m² floor area  Huge office/reception on title. 4 partitioned offices, lunchroom, bathroom within 84m² floor area  Guest facilities include: spa, gym, saunas, BBQ and common laundry, secure guest parking  Ideal for holiday makers, business guests, weekenders and function attendees Established business with all systems and staffing in place to be run off site by a purchaser/operator. A predominately corporate let business with average 1 3 night stays and leisure guests on weekends. Very suitable for a first time corporate operator. Lots of blue sky here! Nett Profit: $193,000 (verified by Industry Accountant) Asking Price: $1,654,000 (Inclusive of managers real estate) For further information on this Brisbane management rights business opportunity contact: Listing Broker Greg Jorgensen 0407 721 335 sales@mrsales.com.au

26 room boarding house Excellent cash flow with high occupancy rate Below market rent potential to increase with some improvement. One of few boarding houses left in West End / South Brisbane area 15 Browning Street presents a rare opportunity for an astute investor to acquire a prime, high income producing property in the rapidly changing South Brisbane. The property is located in the inner city suburb of South Brisbane, approximately 700 metres south of the Brisbane CBD. Of all Brisbane suburbs, South Brisbane has seen the most amazing transformation over the last few years. It is close to all means of public transports, and just a few minutes walk to cosmopolitan West End with trendy cafes, bars and restaurants. South Brisbane is also close to the Southbank Parklands, one of Brisbanes most popular destinations for locals and tourists.

Benefit from the massive Kurilpa Riverfront Renewal Plan happening right outside your front door! See www.kurilparenewal.com.au for all the information. This one bedroom will settle with a new leaseback to the long term on site managers for $1350 per month for a 5 year lease plus a 5 year option with CPI yearly increases. The land here is zoned for a 30 storey building guaranteeing a great long term investment in Brisbane's fastest growing suburb. "Riverside Hotel" has been established since 1996 and boasts a 90 per cent occupancy to both tourists and business travellers. It's a short walk to the Gallery of Modern Art, Tank Street Bridge and all the cultural activities that Southbank has to offer.