Management Rights for Sale Inner City Brisbane
2. How many units are in the letting pool as of today SEE ABOVE During the last 12 months, how many units dropped out of the letting pool - 0, and how many units were added into the letting pool - 1?
3. What is the average commission rate charged on the permanent units and what are the average occupancy rate for the permanent units – 7.5% - 8% + GST AND 100%
4. Similarly, please provide the breakdown of one bedroom, 2 bedroom, and 3 bedroom for the corporate units, rental, and the average commission rate and average occupancy rate for the corporate units. SEE ABOVE . Commission 10% + GST. The preference is to achieve a long term stay eg 3 months+ so we can put the tenancy on a lease. Currently 4 of the units are on a 3 month and 4 month booking. In the meantime we can place shorter bookings to derive income for the owner. Advertise on Wotif, Tripadvisor and find this is more than sufficient. We don’t need to use these websites too often as most of the business is repeat and we can’t fill the demand at times. This could be quite a lucrative side to the business to grow if you wanted to, we have kept it at a small scale but value adds to the business.
This is the best kept secret with Inner city management rights among the experienced inner circle onsite managers. Buying permanent management rights and turning them into corporate and holiday, there is big capital gain and net income gain can be achieved easily.
5. Does the commission include GST? NO
6. How are the corporate letting are managed? For example, how to manage check-in check-out? And how would the corporate units be marketed? As there only 9 units (and some are in long term) check-in is quite an easy process. Check in is 1pm and we ask guests to text when they are 15 mins away from the building.
7. In terms of cleaning/linen/maintenance income, please provide the breakdown and it's related expense. Charge cleaning for 1 bedroom at $56 + GST (pay cleaner $30) and 2 bedroom $71 + GST (pay cleaner $40) Cleaner washes linen in the unit. Accountant to provide breakdown during financial due diligence process.
8. Was the manager unit flooded 3 years ago? NO
PROFIT AND LOSS STATEMENT
3. What is the average commission rate charged on the permanent units and what are the average occupancy rate for the permanent units – 7.5% - 8% + GST AND 100%
4. Similarly, please provide the breakdown of one bedroom, 2 bedroom, and 3 bedroom for the corporate units, rental, and the average commission rate and average occupancy rate for the corporate units. SEE ABOVE . Commission 10% + GST. The preference is to achieve a long term stay eg 3 months+ so we can put the tenancy on a lease. Currently 4 of the units are on a 3 month and 4 month booking. In the meantime we can place shorter bookings to derive income for the owner. Advertise on Wotif, Tripadvisor and find this is more than sufficient. We don’t need to use these websites too often as most of the business is repeat and we can’t fill the demand at times. This could be quite a lucrative side to the business to grow if you wanted to, we have kept it at a small scale but value adds to the business.
This is the best kept secret with Inner city management rights among the experienced inner circle onsite managers. Buying permanent management rights and turning them into corporate and holiday, there is big capital gain and net income gain can be achieved easily.
5. Does the commission include GST? NO
6. How are the corporate letting are managed? For example, how to manage check-in check-out? And how would the corporate units be marketed? As there only 9 units (and some are in long term) check-in is quite an easy process. Check in is 1pm and we ask guests to text when they are 15 mins away from the building.
7. In terms of cleaning/linen/maintenance income, please provide the breakdown and it's related expense. Charge cleaning for 1 bedroom at $56 + GST (pay cleaner $30) and 2 bedroom $71 + GST (pay cleaner $40) Cleaner washes linen in the unit. Accountant to provide breakdown during financial due diligence process.
8. Was the manager unit flooded 3 years ago? NO
PROFIT AND LOSS STATEMENT
Please download EOI to make an offer and email to [email protected]
If you have any questions please call Jessica on 0404331310.
If you have any questions please call Jessica on 0404331310.
