Summary
Large English Tudor family home operating as successful BnB 6 Guests rooms with ensuites. Guests kitchen and laundry. Large dining room. Deck overlooking pool. Communal lounges. Walk to beach front.
Revenue
$228,000 pa
Rent
$45,000 pa
Expenses
$95,648 pa
Net Profit
$89,000 pa
Location Details
42 Steven Street, Redcliffe 4020
30 mins from Brisbane CBD 20 mins from Brisbane airports. Situated 400 metres from sea front over looking Morton Bay. Walk to Redcliffe CBD shops clubs and restaurants. Close to transport.
Potential
Turn over increasing year on year in line with property price increases in this popular property hot spot.Turn over 24/25 (9 months)year on year 23/24. $62,524 increase. Projected $300,000 (Inc GST) full year.
Limited accommodation has lead to high occupancy. Clientelle are from a wide range of sources. Over seas and domestic tourism, sporting groups workers etc. New owners could take more advantage of social marketing advertising.
Versatility this property offers as to how it is marketed. Hoilday rental,permanents accommodation. etc.
Skills
Easy to run for some one who enjoys meeting people at the same time as have a beautiful home for your residence.Online booking system in place with links to main ATOs Booking.com,Expedia,Trip.com,JetstarAir BnB etc.
Hours
Office hours 8am -8 pm 7 days. Coded door locking to entry and rooms gives owner more freedom and late checkin.
Lease
Property to be sold freehold
Employees
1 owner with couple employed as part time cleaners on ABN
Linen owned and laundered on site.
Reason for Sale
Retirement after 22 years
About the Business
This large English Tudor family home is currently operating as a very successful Bed and Breakfast returning a substantial income for an incoming owner.
Looking towards future retirement? Where better than sunny Queensland. Here is your chance to invest in this property hot spot.
This opportunity represents not just a profitable investment but also an enviable lifestyle changes perfect for anyone yearning for a coastal living experience while running their own successful business.
Located 400 meters from the beach front. Short walk to Redcliffe with shopping, pubs, clubs and restaurants.
This fabulous property features 6 queen guest rooms all with ensuites, tea and coffee facilities A/C fridges and Flat screen smart TVs. 3 of these rooms include an additional single bed. A smaller room can serve as bedroom, office or storage space.
All guests’ rooms are located on the first and second floors with 2 communal lounges one on each floor. Guests can also relax on the shared deck over the magnificent sparking inground pool, or enjoy the poolside BBQ and dining facilities.
The ground floor includes an office, a large fully equipped guest kitchen, and a dining room with seating for 16 and a buffet breakfast bar. There is a dedicated guest laundry and a separate in-house laundry for private use. The ground floor also features a self-contained one-bedroom manager’s suite, so you can comfortably reside in your own investment!
A coded locking system for entry into the property and rooms allows for self-check-in, providing management with more freedom and flexibility with their lifestyle! Currently offered as a Bed & Breakfast for overnight or short-term stays, it is easily managed by one person with the assistance of an on-call couple who handle cleaning under contract. This setup allows one partner to pursue outside employment. A new owner may choose to offer longer-term rentals, holiday rentals, appoint a manager, or lease the entire property. Online booking systems are already in place.
Established and run by the current owner for over 22 years. Ainslie Manor ready to be taken over and continued as-is or with so much more potential for growth & enhancement, can be elevated to new heights by its next owners! This lucrative business & property investment in a flourishing & vibrant seaside area so close to Brisbane is a rare opportunity.
Turn over steadily increasing in line with popularity of Redcliffe as Tourist destination and property hot spot.
To be sold WIWO with all furniture and chattels included.
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History
This property was purchased 2023 and renovated for the purpose of establishing a Bed and Breakfast. Length of trading leads to many retutrn customers.
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