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. A two-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
• 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: $150,705 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 across two inner-northern Brisbane complexes in Ascot and Lutwyche, offering geographic diversification and exposure to two rental markets.
2. Combined letting pool of 27 units, all configured as spacious two-bedroom apartments, supporting consistent demand and rental appeal.
3. Reported majority-tenure full occupancy history, indicating strong tenant demand and stable cashflow.
4. Secure body corporate remuneration of $80,174 p.a. plus GST, approximately $3,142 per unit plus GST, providing a predictable base income.
5. Additional revenue streams include 8% rental commission plus GST, one week’s rent letting fee plus GST, $300 advertising fee plus GST, and $6 postage and petties plus GST.
6. Average weekly rents advised at $650 to $750 per unit, supporting healthy rental-generated revenue.
7. Current two-person management team operates efficiently, presenting an owner-operator or semi-passive investment profile suitable for an experienced couple.
8. No fixed reception hours required under agreements, offering lifestyle flexibility for operators.
9. Complex amenities include a swimming pool, outdoor kitchen, rooftop entertainment area at Ascot, and BBQ and entertainment area at Huntington, enhancing tenant attraction and retention.
10. Both complexes feature secure entry, excellent access to shops, schools, parks, transport links and major roads, and convenient proximity to Brisbane Airport, supporting long-term tenant demand.
11. Business financials and tenure: asking price $899,000, reported net profit $150,705, total complex units 63 with 27 in the letting pool, 20 owner-occupied, 16 outside agent units, 25 year agreement term with 22 years remaining.
12. Positioned in highly sought-after blue-chip suburbs within a strong rental corridor, offering long-term fundamentals and resale appeal.
