Stones Corner, Queensland
Off-the-Plan Management Rights Opportunity in Stones Corner
$1,075,000
Business Description
An exciting opportunity awaits experienced management rights operators to secure the caretaking and letting rights at Lumina, a brand-new residential development in the highly sought-after Brisbane suburb of Stones Corner.
Developed by Oakridge, Lumina is anticipated to be completed in early 2027, presenting an excellent opportunity for an experienced operator to establish a management rights business within a modern, purpose-built residential complex.
With an attractive Body Corporate remuneration of $184,000 per annum and a conservative projected letting pool of just 11 apartments, the business is forecast to generate approximately $215,000 in annual net profit.
Key Investment Highlights
- $215,000 projected annual net profit
- $184,000 Body Corporate salary
- Conservative projected letting pool of just 11 apartments projected
- Brand-new management office with Occupational Authority
- Excellent onsite storage facilities
- Premium rooftop boardroom
- Resident theatre and entertainment area
- Swimming pool and BBQ facilities
- Fully equipped gymnasium and sauna
- Desirable Stones Corner location, close to Brisbane CBD
- Estimated completion early 2027
A Premium Opportunity for Experienced Operators
Lumina's extensive resident amenities and modern facilities will provide an attractive living environment, while the substantial Body Corporate remuneration offers a strong and reliable income foundation independent of letting performance.
The conservative letting pool projection also provides an opportunity for an experienced manager to grow the business as the development becomes established.
Applications are invited from experienced management rights operators who can demonstrate a commitment to professional building management, exceptional resident service and maintaining the presentation of this premium development. Interested parties are encouraged to submit their CV outlining their relevant experience and management capabilities with their Offer & Acceptance
Contact Ras360° Property Solutions for further information and to register your interest.
**Ras360 – Specialists in Management Rights | Motels | Hotels | Pubs | Parks**
Business Summary
Business Snapshot
Price: $1,075,000
Net Profit: $214,448 Remuneration / Body Corp Salary: $184,300
Complex Information
Complex Type: PermanentTotal Units in Complex: 97Total Units in Letting Pool: 11Owner Occupy Units: 87Agreement Term: 25 yearsAgreement Term Remaining: 23 years
Key Investment Insights
AI generated. Confirm details with the seller.
1. Asking price of $1,075,000, with projected annual net profit of approximately $215,000.
2. Annual Body Corporate remuneration of $184,300 provides an income foundation independent of letting performance.
3. Caretaking and letting rights cover a new 97 apartment permanent residential complex, with completion anticipated in early 2027.
4. Stones Corner location offers proximity to Brisbane CBD.
5. New management office includes Occupational Authority, complemented by excellent onsite storage facilities.
6. Resident amenities include a rooftop boardroom, theatre, entertainment area, swimming pool, BBQ facilities, gymnasium and sauna.
7. Conservative projections assume a letting pool of 11 apartments, with potential to grow as the development becomes established.
8. Management agreements have a stated term of 25 years, with 23 years remaining.
