This opportunity is perfectly suited to a couple who want to keep busy with a successful and highly profitable business while maintaining a comfortable lifestyle.

“Glen Alvie” is a hospital accommodation business turning over $200,000 per annum. It caters for the Prince Charles Hospital, which is right next door to the property. The business provides accommodation for hospital patients that travel from outside of Brisbane to get medical attention and need a place to stay. There is no better place to stay than right next door to the hospital which is the foundation of the success of this business.

The owners live onsite in the caretaker’s residence downstairs which has three bedrooms, a large double bay garage with a roll-a-door, and a private courtyard surrounded by a tropical garden. This private oasis allows for the owner operator/caretaker to enjoy their privacy and still have an intimate knowledge of the business operation. To increase the return on this property even further, there is potential to increase the number of rooms available for clients and maximise return potential by converting approximately 150m2 of the caretakers flat into more rooms.

Located approximately 100m from the Prince Charles Hospital, which provides a constant supply of patients looking for either short to medium term accommodation. This ensures an endless stream of clients to maintain an optimum occupancy level and a guaranteed income throughout the four seasons.

The land is zoned MR, which allows for high density construction so there is an option of developing this property even further.

Please call now to arrange an inspection or for more information.

$200,000 turnover
Caretakers flat
Quality structure
High occupancy
High return
MR zoning
Walk to hospital
Close to shops
Public transport route
Development potential