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Brisbane Fringe Management Rightsâ Dual Boutique Complexes, Business Only
$899,000
Permanent Management Rights, ASCOT QLD
An outstanding opportunity to acquire an established management rights business spanning two well-presented residential complexes in the tightly held inner-northern Brisbane suburbs of Ascot and Lutwyche.
Comprising a combined 27-unit letting pool, this business offers diversified income across two desirable rental markets, with all apartments configured as spacious two-bedroom residences. The complexes have reportedly remained fully tenanted for the majority of the current owners tenure, highlighting consistent tenant demand and strong occupancy performance.
The business generates secure body corporate remuneration of $80,174 p.a. + GST, equating to approximately $3,142 per unit + GST, with no fixed reception hours required under the agreements, providing valuable lifestyle flexibility. Note that both buildings are under the same strata, with the same strata managers and service providers. A one-person management team currently operates the business efficiently, making this an ideal opportunity for owner-operators, semi-passive investors, or an experienced couple seeking a scalable Brisbane operation.
Rental demand remains strong, with average weekly rents advised at $650 to $750 per unit.
Income Streams Include:
Body Corporate Salary: $80,174 p.a. + GST
Rental Commission: 8% + GST
Letting Fee: 1 weeks rent + GST
Advertising Fee: $300 + GST
Postage & Petties: $6 + GST
Additional owner-agreed fee variations may apply
Complex Features:
Ascot Residences
Swimming Pool and Spa, maintenance and chemicals paid for by Body Corporate
Outdoor Kitchen
Rooftop Entertainment Area
Huntington
BBQ & Entertainment Area
Both Complexes;
Secure Entry
Excellent access to shops, schools, parks, transport links and major roads
Convenient proximity to Brisbane Airport
Positioned in two highly sought-after blue-chip suburbs with excellent long-term fundamentals, this is a rare chance to secure a quality dual-site management rights business in one of Brisbanes strongest rental corridors.
Ras360 Specialists in Management Rights | Motels | Hotels | Pubs | Parks
More Information
- Total Purchase Price: $899,000
- Net Income: $ 151,105
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 0
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 5.9
Estimated number of years till the Net Income reaches the Purchase Price of the business component. Other factors such as lifestyle, workload, location and offering should always be considered ahead of the multiplier when evaluating a Management Rights business.
Number of units the manager is authorised to manage.
Number of units resided in by their owners.
Number of units owners are not renting out, but also do not live in.
Number of units being rented by other agents (these could potentially be acquired by the manager).
The total number of units within the complex.
This is the body corporate caretaker salary. It is included in the Net Income above.
How long is the caretaking contract.
How long remains on the caretaking contract before it must be renewed?
How long has the management rights existed.
Required Office Hours