Toowong, Queensland
Business Only Toowong 22 Years Remaining
Business Only - $325k
Business Description
This Complex presents a rare opportunity to acquire a high-performing, business-only Management Rights in one of Brisbane’s most sought-after inner-city suburbs. Situated in Toowong, just moments from the Brisbane River and major transport hubs, this permanent letting complex offers both convenience and strong rental demand.
The complex comprises 23 modern apartments, with 10 currently in the letting pool. There are no office hours, and no real estate to purchase, making this an ideal investment for those seeking a hands-off income stream. The caretaking duties are minimal and easily managed, supported by a long-term agreement with 22 years remaining and a proactive Body Corporate.
It includes access to a rooftop terrace and BBQ area, and features secure undercover parking with a designated manager’s space. A rooftop storage area of 17.5m² is also included under exclusive use.
Located in the heart of Toowong’s lifestyle and education precinct, the complex is a short distance from the University of Queensland, CityCat terminals, Toowong Village, and local cafés and eateries. The area’s high demand from professionals and students ensures a stable occupancy year-round.
With solid returns and a net profit of over $55,000, This is the ideal for an existing operator looking to expand or a first-time buyer entering the industry.
**Ras360 – Specialists in Management Rights | Motels | Hotels | Pubs | Parks**
Business Summary
Business Snapshot
Price: Business Only - $325k
Net Profit: $55,841 Remuneration / Body Corp Salary: $25,950
Complex Information
Complex Type: PermanentTotal Units in Complex: 23Total Units in Letting Pool: 10Owner Occupy Units: 9Outside Agent Units: 1Agreement Term: 25 yearsAgreement Term Remaining: 22 years
Key Investment Insights
1. Rare opportunity to acquire a high-performing, business-only Management Rights in one of Brisbane's most sought-after inner-city suburbs.
2. Convenient location in Toowong, just moments from the Brisbane River and major transport hubs.
3. Permanent letting complex with 23 modern apartments, 10 currently in the letting pool.
4. No office hours and no real estate to purchase, making it an ideal hands-off investment.
5. Minimal and easily managed caretaking duties, supported by a long-term agreement with 22 years remaining.
6. Access to rooftop terrace and BBQ area, as well as secure undercover parking with designated manager's space.
7. Rooftop storage area of 17.5m² included under exclusive use.
8. Located in the heart of Toowong's lifestyle and education precinct, with high demand from professionals and students.
9. Solid returns and a net profit of over $55,000, making it an attractive investment for existing operators or first-time buyers.
10. Specializing in Management Rights, Motels, Hotels, Pubs, and Parks, with a team of experts at Ras360.
