SIX UNITS. ONE TITLE. APPROX. 696M². APPROX. $385,840 P.A. CURRENT ANNUALISED INCOME.
Opportunities to acquire an entire income-producing residential holding this close to Brisbane CBD are exceptionally difficult to secure.
32 Mowbray Terrace brings together six apartments, substantial current accommodation income and an approx. 696m² inner-Brisbane landholding all offered in one line.
For HNW investors, family offices, syndicates and accommodation operators seeking scale and income from a single Brisbane acquisition, this is an opportunity that demands attention.
THE NUMBERS
Current average accommodation income advised by the vendor/accounting team:
Approx. $7,420 PER WEEK
Approx. $385,840 PER ANNUM ANNUALISED
Current unit averages:
Unit 1 Approx. $1,640 pw
Unit 2 Approx. $875 pw
Unit 3 Approx. $875 pw
Unit 4 Approx. $1,660 pw average
Unit 5 Approx. $1,240 pw average
Unit 6 Approx. $1,120 pw average
WHY THE INCOME IS DIFFERENT
This is important.
The property is NOT operated as six conventional residential leases.
Income is generated through a combination of whole-unit accommodation and flexible room-based/student/offshore accommodation, including different occupancy configurations.
That means a smaller apartment can generate MORE income than a larger apartment depending on how it is operated.
For example, one two-bedroom apartment is currently operated as a whole unit at approx. $875 pw, while apartments using the flexible accommodation model can generate materially higher average income.
The opportunity is therefore in the OPERATING MODEL not simply the bedroom count.
WHAT YOU ARE ACQUIRING
- Entire six-unit complex
- Two x 2-bedroom apartments
- Four x 1-bedroom apartments
- Approx. 696m² inner-Brisbane landholding
- One title
- Recent internal and external renovations
- On-site parking
- Established mixed accommodation operation
- Approx. $385,840 p.a. current annualised average income
- Only a few kilometres from Brisbane CBD
ONE ACQUISITION. AN ENTIRE INNER-BRISBANE HOLDING.
Individual investment apartments are readily available.
An entire six-unit complex on approx. 696m² in East Brisbane with current annualised average income approaching $386,000 is a very different proposition.
The successful purchaser secures the complete holding six apartments, the underlying land and control of the future investment strategy, subject to relevant requirements and approvals.
East Brisbane also places the property within immediate reach of Brisbane CBD, Woolloongabba, Kangaroo Point, major hospitals, education, employment and transport infrastructure.
For investors looking to deploy capital into an established Brisbane income asset, opportunities of this nature are rarely offered.
FOR SALE OFFERS INVITED
Qualified buyers are encouraged to enquire early to receive the Information Memorandum, income information and supporting accommodation documentation.
Private inspections by appointment.
Contact the Altora Global listing team today.
Six units.
One title.
Approx. 696m².
Approx. $385,840 p.a. current annualised average income.
Consider it before somebody else does.
Income figures are based on information supplied by the vendor/accounting team and represent current/average performance only, not guaranteed future income. Flexible accommodation income may vary according to occupancy, duration of stay and room configuration. Buyers should independently verify all income, agreements, outgoings, approvals and operating requirements.
