Clear Island Waters, Queensland

Permanent Management Rights - Clear Island Waters

$1,030,000

Business Description

This boutique gated complex is located in the highly sought-after suburb of Clear Island Waters. Ideally positioned in a quiet, family-oriented enclave, the complex offers residents peace and privacy while remaining just minutes from the beach and within walking distance to the Q Super Centre and a range of other amenities.

Complex Features:

- Low body corporate fees

- Resort-style swimming pool, BBQ and entertainment area

- Secure gated entry with CCTV

- Supportive and proactive Body Corporate committee

- No set office hours

Location Highlights:

- Walk to Q Super Centre, cafes, gyms, and medical centres

- Minutes to top schools including St Vincent’s Primary and Merrimac State High

- Close to public transport, golf courses, sports grounds, and shopping precincts

Manager's Residence:
The manager’s residence is a well-maintained and spacious three-bedroom, two-bathroom townhouse, complete with a separate powder room on the lower level. It offers generous open-plan living and dining areas, a large kitchen, and a separate laundry for added convenience. The home is fitted with ceiling fans throughout and a split system air-conditioner on the ground floor, ensuring year-round comfort. A private courtyard provides the perfect setting for outdoor entertaining, while the attached ground-level office offers practicality for onsite management. The property also includes a single lock-up garage and an additional secure car space.

In addition, this is potential for a handy person to generate extra income by offering maintenance services within the complex should you wish to do so.

Call Craig today for more information or to arrange an inspection.

Net: $91,735

Property Code: 81

Business Summary

Business Snapshot

Price: $1,030,000 Net Profit: $91,735 Remuneration / Body Corp Salary: $72,133Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $750,000Bedrooms: 3Bathrooms: 2Car Spaces: 2Office: On Title

3 Bedroom, 2 bathroom with

Complex Information

Complex Type: PermanentTotal Units in Complex: 41Total Units in Letting Pool: 7Owner Occupy Units: 29Outside Agent Units: 4Manager Units: 1Agreement Module: StandardAgreement Term: 10 yearsAgreement Term Remaining: 9 yearsPool: YesBBQ Area: Yes

Marketing Agent

Craig Johnson

Hotel Resort Sales

Key Investment Insights

1. Boutique gated complex located in highly sought-after suburb of Clear Island Waters.
2. Quiet, family-oriented enclave with close proximity to the beach and amenities.
3. Low body corporate fees and supportive and proactive Body Corporate committee.
4. Resort-style swimming pool, BBQ, and entertainment area for residents.
5. Secure gated entry with CCTV for added security.
6. No set office hours for onsite management.
7. Potential for extra income through offering maintenance services within the complex.
8. Manager's residence is a well-maintained and spacious three-bedroom townhouse with separate office.
9. Close to top schools, public transport, and shopping precincts.
10. Net profit of $91,735 and remuneration/body corp salary of $72,133.
11. Manager's apartment valued at $750,000.
12. Complex consists of 41 units with 7 in the letting pool and 29 owner-occupied units.
13. Agreement module is standard with 9 years remaining on the term.
14. Onsite pool and BBQ area for residents' use.

Management Rights Multiplier: 3.05
ROI Estimate: 32.76%