Ascot, Queensland
Brisbane Fringe Management Rights – Dual Boutique Complexes, Business Only
$899,000
Business Description
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 week’s 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 Brisbane’s strongest rental corridors.
Ras360 – Specialists in Management Rights | Motels | Hotels | Pubs | Parks
Business Summary
Business Snapshot
Price: $899,000
Net Profit: $151,105 Remuneration / Body Corp Salary: $80,174
Complex Information
Complex Type: PermanentTotal Units in Complex: 63Total Units in Letting Pool: 27Owner Occupy Units: 20Outside Agent Units: 16Agreement Term: 25 yearsAgreement Term Remaining: 22 years
Key Investment Insights
1. Dual-site management rights covering two boutique complexes in Ascot and Lutwyche, offering geographic diversification within inner northern Brisbane.
2. Combined letting pool of 27 spacious two bedroom units, providing a focused rental product across both buildings.
3. Consistent occupancy; complexes reportedly remained fully tenanted for the majority of the current owners’ tenure, indicating strong tenant demand.
4. Secure body corporate remuneration of $80,174 p.a. plus GST, approximately $3,142 per unit plus GST, forming a stable base income.
5. Attractive net profit of $151,105 and asking price $899,000, signalling a clear earnings profile for investors.
6. Multiple revenue streams including rental commission at 8% plus GST, letting fees, advertising fees, postage and petties, enabling diversified income beyond body corporate salary.
7. Operational efficiency with a one person management team currently operating the business, making it suitable for owner operators, semi passive investors, or an experienced couple.
8. No fixed reception hours required under the agreements, offering valuable lifestyle flexibility for operators.
9. Long agreement term with 25 year original term and approximately 22 years remaining, providing long term security of management rights.
10. Both buildings under the same strata with the same strata managers and service providers, simplifying administration and supplier coordination.
11. Strong location appeal with secure entry, excellent access to shops, schools, parks, transport links and major roads, plus convenient proximity to Brisbane Airport.
12. Onsite amenity and tenant appeal include Ascot pool and spa with maintenance covered by body corporate, rooftop entertainment and outdoor kitchen, plus Huntington BBQ and entertainment area.
