1 Thornbury Street, Spring Hill, QLD 4000
Stylish Heritage Brisbane City Bed and Breakfast - B&B
DRASTIC PRICE REDUCTION Fantastic opportunity
Due to the recent unexpected Corona-virus situation and the owners impending retirement the price of the lease is now only $95 000 WIWO.
Most successful and highly rated Brisbane city-fringe, heritage old “Queenslander” Bed & Breakfast business. Located within walking distance of the CBD, Brisbane River and all other City places of interest.
Rated number 2 B&B`s in all of Brisbane on Trip Advisor with 430+ "exceptional" reviews. Rated 9.6 on Hotels.com and rated #1 in Brisbane 2019 Trivago.
Current operator after 7-years of building the business to mainly overseas/international visitors (70/30 ratio overseas/domestic guests) now wishes to retire.
The freehold and B&B business is being offered on a WIWO basis (Freehold $1.35m) or the lease only with 7.5 years remaining and possibility to renegotiate any preferred term for ONLY $95000 (previously advertised pre-pandemic for $250000)
This amazing City lifestyle business would ideally suit a couple wishing to operate a very independent style of business (no franchise, no bosses etc.) Huge opportunity to expand present operations as the present owner only opens 36-40 weeks/year.
Please note that it was necessary to close the business on 23 March as per Government directives but will reopen 1 July but trading is initially expected to be slow but this will offer an ideal opportunity for a working couple to transition into the business. Forward reservations for 2021 are already be accepted.
PLEASE No Agents or overseas enquiries that do not hold appropriate Australian Residence Visa/s.
Full Trading details will only be provided once a personal meeting/inspection has been conducted.
Whilst every care has been taken to verify the accuracy of the details in this advertisement, For Sale By Owner (forsalebyowner.com.au Pty Ltd) cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters.