FOR SALE
$925,000 - Business Only

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Auchenflower QLD 4066

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Auchenflower - Short Term Management Rights

Seize the opportunity to invest in the thriving short-term accommodation market with the management rights to Chasely Apartments, ideally located just 100 meters from the Wesley Hospital in Auchenflower, Brisbane. This property is a rare find, combining excellent location with strong financial returns. There is managers/caretakers residence onsite that can be occupied for no cost. It is on Occupation Authority.
Property Highlights:
• Net Profit: Enjoy a robust net profit of $284,634, making this an attractive investment with immediate cash flow.
• Letting Pool: The current letting pool consists of 18 holiday apartments, including 7 spacious two-bedroom units and 11 well-appointed one-bedroom units.
• Renovated Units: 8 of the apartments have been recently renovated, enhancing their appeal and boosting rental potential.
• Location: Perfectly positioned near the Wesley Hospital, this complex benefits from consistent demand, catering to both holidaymakers and medical-related accommodation needs.
With an unbelievable upside and a solid net profit, Chasely Apartments presents a golden opportunity for investors looking to enter or expand within Brisbane's lucrative short-term accommodation sector. Priced to sell, this is a chance not to be missed. Contact us today to secure this exceptional investment!
**Ras360 – Specialists in Management Rights | Motels | Hotels | Pubs | Parks**

Property Details for Contact Agent For Address, Auchenflower

Building Type
Commercial

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About Auchenflower 4066

The size of Auchenflower is approximately 1.5 square kilometres. It has 8 parks covering nearly 5.6% of total area. The population of Auchenflower in 2011 was 5,351 people. By 2016 the population was 5,877 showing a population growth of 9.8% in the area during that time. The predominant age group in Auchenflower is 20-29 years. Households in Auchenflower are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Auchenflower work in a professional occupation. In 2011, 48.3% of the homes in Auchenflower were owner-occupied compared with 48.3% in 2016.

Auchenflower has 3,492 properties. Over the last 5 years, Houses in Auchenflower have seen a 67.50% increase in median value, while Units have seen a 73.43% increase. As at 31 October 2024:

  • The median value for Houses in Auchenflower is $1,718,181 while the median value for Units is $789,277.
  • Houses have a median rent of $620 while Units have a median rent of $550.
There are currently 24 properties listed for sale, and 15 properties listed for rent in Auchenflower on OnTheHouse. According to CoreLogic's data, 131 properties were sold in the past 12 months in Auchenflower.

Suburb Insights for Auchenflower 4066

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Robert Collins
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Nathan Eades
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RAAS Property Group
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.