Ascot, Queensland
Premium Inner-North Brisbane – Secure, Flexible Business-Only Opportunity
$899,000
Business Description
Delivering an impressive 16.8% ROI, this established Business-Only management rights opportunity is positioned across the tightly held, blue-chip inner-northern Brisbane suburbs of Ascot and Lutwyche. Combining secure Body Corporate income, a substantial permanent letting pool and genuine operational flexibility, there is no onsite residence requirement or fixed reception hours.
Generating a Net Operating Profit of $151,105, supported by Body Corporate remuneration of $80,174 p.a. + GST, the business provides a reliable recurring income base alongside established letting commissions and fees. The combined 29-unit letting pool comprises spacious two-bedroom apartments, with average weekly rents advised at $650–$750.
Importantly, both buildings utilise the same strata management and service providers, creating a streamlined structure across the two locations. The business is currently managed efficiently by a single operator, reinforcing the flexibility and practical nature of the operation.
Income Streams
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
Ascot
Swimming pool and spa, with maintenance and chemicals paid by the Body Corporate, together with an outdoor kitchen and rooftop entertainment area.
Lutwyche
BBQ and entertainment facilities within a secure residential complex.
Both locations offer excellent access to shopping, transport, major arterial roads and established amenities, with convenient proximity to Brisbane Airport.
Combining premium inner-north locations, recurring Body Corporate income, an established permanent letting pool and a flexible Business-Only structure, this is a tightly held Brisbane management rights opportunity offering both security and operational simplicity.
With a 16.8% ROI, premium inner-north positioning and genuine operational flexibility, this opportunity warrants closer inspection. Contact Ras360 for further information or to arrange an inspection by appointment.
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: 29Owner Occupy Units: 20Outside Agent Units: 14Agreement Term: 25 yearsAgreement Term Remaining: 22 years
Key Investment Insights
AI generated. Confirm details with the seller.
1. Established Business Only management rights opportunity across tightly held Ascot and Lutwyche, delivering a reported 16.8% ROI.
2. Net operating profit of $151,105 includes recurring Body Corporate remuneration of $80,174 per annum plus GST.
3. No onsite residence requirement or fixed reception hours provides genuine operational flexibility for the current single operator.
4. Established 29 unit permanent letting pool across two bedroom apartments, with advised average weekly rents of $650 to $750.
5. Both buildings use the same strata management and service providers, supporting streamlined operational management across locations.
6. Ascot facilities include a swimming pool, spa, outdoor kitchen and rooftop entertainment area, with pool maintenance paid by Body Corporate.
7. Both locations provide access to shopping, transport, major arterial roads, established amenities and Brisbane Airport.
8. The management rights agreements have 22 years remaining from an original 25 year term, supporting longer term continuity.
