28 room boutique hotel 3 star quality in 5 star location Solid 2 level brick construction Completely refurbished to the highest standard All new plumbing and wiring 2 street access (Saint Pauls Terrace & Alfred Street) The property is being operated by one of the most experienced accommodation operators in Brisbane Net Income of $165,000 per year with a new 10 + 10 + 10 year lease and options.
The Location: The property is located in the thriving hub of Fortitude Valley, the home of some of Brisbane best attractions and a large range of entertainment venues. Approximately one kilometre from the Brisbane CBD, Fortitude Valley has developed into a business district in its own right. As with its neighbouring suburbs, Fortitude Valley has undergone extensive redevelopment over the last decade. Known as hub of entertainment venues, cafes, nightclubs, galleries and restaurants, Fortitude Valley has been drawing residents and visitors from around Brisbane.
The property is only 90 meters* to Valley train Station and just a short walk to the local bus services, China Town and the Brunswick Street Malls.
The Potential: Fortitude Valley Neighbourhood Plan recognizes the suburb as an important growth area. The zoning allows for mixed-use developments up to 4 storeys and up to, 10 to 25 storeys with amalgamations.
