9 Fuller Street, Lutwyche, Queensland
Brisbane Management Rights with Outstanding ROI
Under Contract / Offer
Business Description
An outstanding opportunity to acquire the business-only management rights of Urban Ridge Terraces, a well-regarded townhouse complex in Brisbane. The agreements have just been topped up to a full 25 years, providing excellent long-term security and peace of mind for the incoming operator.
The current owner is ready to retire, creating the perfect chance for a new manager to step into a streamlined, low-maintenance business. With minimal day-to-day workload, this opportunity combines lifestyle flexibility with a strong financial return.
All major equipment required for the operation is owned by the Body Corporate, keeping overheads low. Should you wish to retain the office furniture and equipment, the vendor is happy to include these in the sale for a smooth handover.
Most notably, this complex delivers a remarkable ROI of 19.5% — a rare find in today’s market. Such returns, paired with long agreements and an easy-to-run operation, make this business exceptional value for both first-time operators and seasoned management rights buyers.
For those seeking a secure, profitable and lifestyle-friendly investment in Brisbane, Urban Ridge Terraces is a standout opportunity
Business Summary
Business Snapshot
Price: Under Contract / Offer
Net Profit: $175,220 Remuneration / Body Corp Salary: $88,926
Complex Information
Complex Type: PermanentTotal Units in Complex: 49Total Units in Letting Pool: 22Owner Occupy Units: 20Outside Agent Units: 7Agreement Term: 25 yearsAgreement Term Remaining: 25 years
Key Investment Insights
1. 25-year agreements recently topped up, providing long-term security and continuity for the incoming operator.
2. Business-only management rights for Urban Ridge Terraces, simplifying ownership complexity and asset exposure.
3. Exceptional reported ROI of 19.5%, rare in the current market and a key financial attraction.
4. Net profit of $175,220, demonstrating strong cash returns for an owner-operator.
5. Remuneration/Body Corporate salary of $88,926, providing a consistent income component separate from net profit.
6. Low day-to-day workload and low-maintenance operations, supporting lifestyle flexibility and part-time management.
7. All major operating equipment owned by the Body Corporate, reducing capital expenditure and ongoing overheads.
8. Vendor willing to include office furniture and equipment, enabling a smooth and low-friction handover.
9. Complex scale of 49 units, offering operational breadth without being large-scale.
10. Letting pool comprises 22 units, with 20 owner-occupied and 7 managed by outside agents, indicating a stable owner-occupier base and potential to grow management share.
11. Located in Brisbane, marketed as a secure, profitable and lifestyle-friendly local investment.
12. Current owner retiring, presenting an immediate vacancy for a new manager and potential for seamless transition.
