Summary
Rare opportunity to acquire an established serviced-office business together with a substantial commercial property portfolio across 8 locations in Brisbane’s south. Approx. $1.075M annual gross rent.
Revenue
$1,075,000 pa
Expenses
$335,606 pa
Net Profit
$739,394 pa
Location Details
Brisbane South / Logan, Queensland. The portfolio comprises 31 commercial properties across 8 established locations, primarily throughout Springwood, Shailer Park and surrounding Brisbane southside commercial precincts.
Potential
Significant potential for further rental growth. The portfolio is currently 100% leased, with a number of rents below current market levels. An established serviced-office operator could also introduce its own brand, systems and pricing model across 31 properties and 8 locations. Further opportunity exists to expand the business into additional locations using the established operating model.
Skills
No specialist qualifications are required. The business would suit an experienced commercial property investor, serviced-office operator or business owner with an understanding of property management, leasing and customer service. Existing systems and processes make the operation relatively straightforward to understand and manage.
Hours
Flexible. Primarily normal business hours, with no requirement for the owner to be permanently on-site.
Lease
The sale includes the commercial property portfolio, so the business is not reliant on a head lease from a third party
Employees
Currently owner-operated and does not require a large employee structure. The business is primarily focused on tenancy management, enquiries, leasing and administration.
Reason for Sale
After more than 10 years building the business and commercial property portfolio, the owner is looking to simplify and consolidate other business and investment interests. The business is performing strongly, is currently fully leased and is being offered for sale from a position of strength rather than necessity.
About the Business
Logan Office Space is an established serviced-office and commercial property business operating across Brisbane's southern commercial corridor.
Established in 2015, the business has grown progressively through the acquisition of commercial properties and the development of a simple, proven private-office model.
The portfolio now comprises 31 commercial properties across 8 locations, generating approximately $1.075 million in gross annual rental income.
The offices are primarily offered as private, ready-to-use workspaces for small businesses, professionals and established operators who want the convenience of an office without the complexity and additional costs normally associated with a traditional commercial lease.
The business is currently 100% leased and has developed a broad tenant base across multiple locations, reducing reliance on any single property or tenant.
A key strength of the model is its simplicity. Day-to-day operations are predominantly tenancy management, leasing enquiries, administration and coordination of the properties. There is no requirement for the owner to remain permanently on-site.
The portfolio has been deliberately spread across several commercial locations rather than relying on one large serviced-office centre.
A number of existing rents remain below current market rates, providing the purchaser with potential for further rental growth as agreements are renewed.
The opportunity may particularly suit:
• An existing serviced-office or flexible-workspace operator seeking immediate scale
• A commercial property investor wanting an established operating platform
• A private investor seeking a substantial income-producing portfolio
• An operator looking to expand an existing Brisbane presence
The proposed sale includes the established Logan Office Space business together with the commercial property portfolio.
Further information including individual property details, tenancy schedules, historical financial information and operating information can be provided to genuine qualified purchasers following an initial discussion.
Asking Price: $13,500,000.
History
Logan Office Space was established in 2015 and has grown steadily from a small commercial property operation into a portfolio of 31 properties across 8 locations. The business has expanded through the progressive acquisition of commercial premises and development of a straightforward private-office model focused on affordable, professional and flexible workspace.
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