FOR SALE
$1,868,460 - Business Only

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Woolloongabba QLD 4102

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Management Rights for Sale - Foundry at Gabba

Seize the opportunity to acquire the management rights of Foundry at Gabba, a thriving complex with 24 years remaining on a 25-year agreement. This is a rare chance with no unit to purchase and no mandated office hours, allowing for flexible management.
Currently, all lawns, gardens, cleaning, and pool maintenance are handled by a contractor, which you can continue or choose to manage yourself. The workload is minimal, requiring only one person to handle it full-time.
Key Highlights:
• Income: $296,581 per annum
• Price: $1,868,460
• Body Corporate Salary: $125,929
• Letting Pool: 58 of 89 units, all permanent rentals
This is an excellent opportunity for a hands-on manager or someone looking to maintain an existing contractor arrangement. Foundry at Gabba offers a solid income stream in a highly sought-after location. Don’t miss out on this exceptional investment!
**Ras360 – Specialists in Management Rights | Motels | Hotels | Pubs | Parks**

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 5,400 properties. Over the last 5 years, Houses in Woolloongabba have seen a 75.33% increase in median value, while Units have seen a 69.09% increase. As at 31 August 2024:

  • The median value for Houses in Woolloongabba is $1,311,781 while the median value for Units is $691,681.
  • Houses have a median rent of $700 while Units have a median rent of $620.
There are currently 29 properties listed for sale, and 24 properties listed for rent in Woolloongabba on OnTheHouse. According to CoreLogic's data, 247 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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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.