FOR SALE
$3.370M MR & $530k Unit = Total $3.9M

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Woolloongabba QLD 4102

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Double the Fun: Snag Two Buildings in One with This Unique Management Rights Opportunity!

Unique Management Rights Opportunity: Two Buildings, One Suburb Apart, Sold Together
- Combined offering of two buildings in close proximity within the same suburb.
- Manager's unit available without mandatory onsite residency, currently leased out.
- Comprehensive P&L conducted by accredited MR accountant and valuation by accredited broker.
- Recent top-ups completed with 24 years remaining on the management agreement, overseen by a cooperative BC committee.
- BC Salary has increased by $9,200 above the attached P&L.
- Despite no increase in sales price, the multiplier has decreased by 0.15, enhancing profitability potential.
Don't miss out on this unique opportunity to acquire management rights in a strategic location with promising financial prospects!
Amenities include recreational lounges with BBQ areas, pools, and toilet facilities.
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Property Details for Contact Agent For Address, Woolloongabba

Building Type
Commercial

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About Woolloongabba 4102

The size of Woolloongabba is approximately 2.5 square kilometres. It has 10 parks covering nearly 2.5% of total area. The population of Woolloongabba in 2011 was 4,788 people. By 2016 the population was 5,640 showing a population growth of 17.8% in the area during that time. The predominant age group in Woolloongabba is 20-29 years. Households in Woolloongabba are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Woolloongabba work in a professional occupation. In 2011, 37.9% of the homes in Woolloongabba were owner-occupied compared with 31.7% in 2016.

Woolloongabba has 5,504 properties. Over the last 5 years, Houses in Woolloongabba have seen a 41.09% increase in median value, while Units have seen a 73.07% increase. As at 30 November 2024:

  • The median value for Houses in Woolloongabba is $1,145,811 while the median value for Units is $696,807.
  • Houses have a median rent of $680 while Units have a median rent of $650.
There are currently 15 properties listed for sale, and 22 properties listed for rent in Woolloongabba on OnTheHouse. According to CoreLogic's data, 280 properties were sold in the past 12 months in Woolloongabba.

Suburb Insights for Woolloongabba 4102

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Robert Collins
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Joel Mccartin
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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.