This Award-Winning Luxury Boutique Apartment complex, situated in Warwick, South East Queensland, offers a gross turnover of $278,000 pa and a reliable net profit of $200,000 pa from approximately four hours of labour per day.
There is plenty of scope to install a manager for a completely passive return of say 10% net or continue to work part time to achieve the current 15%. Alternatively, take up residence in one of the units to harness the ability to write off some of your living costs (the current owner lives off-site).
There are six quality boutique apartments of varying size, all self-ranked at 4.5 stars and averaging a reliable occupancy rate of 78%.
â¢ Rated No 1 on Trip Advisor
â¢ Rated 9.4 on Booking.com
â¢ Rated 10 on Hotels.com
â¢ Awarded the 2017 Recognition of Excellence from Hotels Combined for an average rating of 9.9 out of 10 across all hotel review sites.
All furniture, fittings, intellectual material and stock are included on a âwalk in walk outâ basis.
How it currently operates:
Generally speaking, you would work between 9:00am and 11:00am just to change sheets and return at 4:00pm to 6:00pm to check in guests. An employee is usually hired to clean the rooms. All wages/costs are accounted for in the impressive set of accounts available on request.
A sign of a successful operation is the loyalty of repeat business â this business has a current average of $65,000 in forward bookings. From just six rooms, this is an incredible statistic.
The freehold building sits on 807m lot.
Please review the link provided on this presentation to find out more.
Warwick is a stable and iconic country town with elevation of 477 metres above sea level and enjoys four distinct seasons.
For further information please contact Carol Axworthy on 0411 229 011
Some information provided by the vendor.