Birtinya, Queensland

Waterfront permanent in stunning location!

$1,640,000

Business Description

An exceptional opportunity to secure a well established permanent management rights business positioned directly on the waterfront of Lake Kawana and Tokara Canal in one of the Sunshine Coast’s most dynamic growth locations.

This secure, gated townhouse complex offers long term stability within the highly sought after Sunshine Coast Health Precinct. The surrounding area continues to experience strong population and infrastructure growth, creating consistent demand from medical professionals, hospital staff and local residents.
The business is straightforward to operate with no set office hours and the flexibility to live offsite, making it ideal for both experienced operators and those seeking a more lifestyle focused business.
The complex itself is modern, well maintained and enjoys a peaceful waterfront setting with landscaped grounds and direct access to lakeside walking paths. The attractive swimming pool & BBQ area and secure gated access, contributes to strong tenant appeal and low vacancy levels.

The stand alone manager’s residence provides excellent separation from the complex and includes three bedrooms, ensuite, double lock up garage and an office on title with internal and external access. The office could easily be converted into a fourth bedroom, offering additional flexibility for an incoming operator.
Located only minutes from Kawana Shoppingworld, Bokarina Beach and major transport routes, and within walking distance of cafés, restaurants and local amenities, the location combines waterfront lifestyle with exceptional convenience.

With long term agreements in place, a strong body corporate salary with CPI increases and a stable permanent letting pool, this MLR represents a secure and attractive investment in one of the Sunshine Coast’s most desirable waterfront precincts.

Key Features
• Absolute waterfront complex on Lake Kawana / Tokara Canal
• Located within the Sunshine Coast Hospital Precinct
• Well-established permanent letting business
• No set office hours
• Flexible option to live onsite or offsite
• Stand alone 3 bedroom manager’s residence with DLUG
• Office on title with potential 4th bedroom conversion
• Body Corporate salary approx. $99k + GST

Business Summary

Business Snapshot

Price: $1,640,000 Net Profit: $140,408 Remuneration / Body Corp Salary: $99,252

Managers Unit

Value of Managers Apartment: $1,125,000Bedrooms: 3Bathrooms: 2Car Spaces: 2Office: On TitlePets OK: Yes

Complex Information

Complex Type: PermanentTotal Units in Complex: 60Total Units in Letting Pool: 16Owner Occupy Units: 41Outside Agent Units: 3Agreement Term: 25 yearsAgreement Term Remaining: 17 years

Marketing Agent

Adam Langer

Resort Management Sales

Key Investment Insights

1. Absolute waterfront position on Lake Kawana and Tokara Canal, offering premium lifestyle and visual appeal.
2. Located within the Sunshine Coast Hospital Precinct, providing consistent demand from medical professionals and hospital staff.
3. Established permanent letting business with 60-unit complex, 16 units in the letting pool, 41 owner occupied units, and 3 outside agent units.
4. Long term agreements, 25 year original term with 17 years remaining, providing contractual stability.
5. Strong financial snapshot, asking price $1,640,000, net profit $140,408, body corporate salary/remuneration approximately $99,252 plus GST with CPI increases.
6. Standalone manager’s residence valued at $1,125,000, three bedrooms, ensuite, double lock up garage, office on title with internal and external access.
7. Office on title offers conversion potential to a fourth bedroom, adding flexibility and accommodation value.
8. No set office hours and flexibility to live onsite or offsite, suiting lifestyle-focused operators or absentee management.
9. Secure gated complex with landscaped grounds, lakeside walking paths, attractive swimming pool and BBQ area, contributing to tenant appeal.
10. Low vacancy levels noted, supporting stable permanent letting pool and reliable income.
11. Highly convenient location, minutes to Kawana Shoppingworld, Bokarina Beach, cafés, restaurants and major transport routes.

Management Rights Multiplier: 3.67
ROI Estimate: 8.56%