FOR SALE
$490,000 - Business Only

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Fortitude Valley QLD 4006

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Prime Business Only Fortitude Valley Management Rights: Opportunity Awaits with 24.5 Years Remaining

Exceptional Business Opportunity: Situated in Fortitude Valley, this offering presents a long-standing business-only management opportunity. It embodies the key components of a high-performing property with significant potential for growth. The property shows a nett profit of $90,213 and has a letting pool of 8 out of the 44 units in the complex.
Swift Interest Anticipated: Given the robust Brisbane market, swift interest is anticipated in this venture.
Low-Maintenance Business Model: This Business Only opportunity boasts a low-maintenance business model. With just 10 units in the letting pool, it is easily manageable by a single individual.
Steady Income Assured: Approximately 80% of revenue stems from the Body Corporate salary, providing a strong foundation for profitability and assuring a steady income for the new owner. This complex will not disappoint
Successful Agreements: The previous manager successfully secured new 25-year agreements with the committee, indicative of a cooperative and accommodating working relationship. They agreements have 25 years remaining at time of listing
External Agents Presence: Additionally, approximately 8 external agents are operating within the building, offering potential networking opportunities and additional avenues for business growth.
Contact the agents to arrange an inspection.
** Ras360 - Management Rights | Motels | Hotels | Pubs | Parks **

Property Details for Contact Agent For Address, Fortitude Valley

Building Type
Commercial

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About Fortitude Valley 4006

The size of Fortitude Valley is approximately 1.4 square kilometres. It has 2 parks covering nearly 1.5% of total area. The population of Fortitude Valley in 2011 was 5,615 people. By 2016 the population was 6,976 showing a population growth of 24.2% in the area during that time. The predominant age group in Fortitude Valley is 20-29 years. Households in Fortitude Valley are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Fortitude Valley work in a professional occupation. In 2011, 27.3% of the homes in Fortitude Valley were owner-occupied compared with 21% in 2016.

Fortitude Valley has 8,126 properties. Over the last 5 years, Houses in Fortitude Valley have seen a 13.04% increase in median value, while Units have seen a 47.76% increase. As at 31 October 2024:

  • The median value for Houses in Fortitude Valley is $1,224,170 while the median value for Units is $564,483.
  • Houses have a median rent of $600 while Units have a median rent of $600.
There are currently 95 properties listed for sale, and 58 properties listed for rent in Fortitude valley on OnTheHouse. According to CoreLogic's data, 694 properties were sold in the past 12 months in Fortitude valley.

Suburb Insights for Fortitude Valley 4006

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Nathan Eades
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Paul Mueller
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RAAS Property Group
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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.