Cleveland, Queensland

Bayside Management Rights Beckons with Net over $150K + upside opportunity! | Resort Brokers ID : MR008087

$1,109,000

Business Description

This neatly established management rights business offers a solid and secure business investment with great income, flexible working hours and a great home in the bayside area of Cleveland. Coupled with manageable caretaking duties, an on-site letting pool and the option to buy an external rent roll for added income, this is one to be considered by both newcomers and experienced operators.

There is a huge upside to generate an extra income with an optional external rent roll of 10 at a 2.5x multiplier.

Nestled within the coveted catchment area of prestigious private schools in Queensland, this property boasts a prime bayside location, providing unparalleled proximity to a plethora of amenities.

Don’t miss out on your chance to secure this prime management rights opportunity, contact Jeff today.

- Exceptional return on investment
- Long-term security with recently topped-up standard module agreements for 10 years
- Net profit over $150,000 underpinned by solid Body Corporate salary of $119,558
- Flexible work-life balance with no set office hours
- Attractive and well-maintained townhouse complex with 75 units and 16 in the pool
- Very manageable caretaking duties with pool and gardens
- Spacious 3-bedroom, 2-bathroom manager's residence with attached office on title
- Additional income option via an external rent roll of 10 units available for purchase at 2.5x multiplier
- Located in the catchment area of some of Qld's most elite private schools
- Prime bayside location, close to a variety of amenities including cafes, restaurants and transport
- Inspections are by appointment only



Date updated: 21 Jul 2024 23:00:08

Business Summary

Business Snapshot

Price: $1,109,000 Net Profit: $150,047 Remuneration / Body Corp Salary: $119,558

Managers Unit

Value of Managers Apartment: $600,000Bedrooms: 3Bathrooms: 2Office: On Title

Complex Information

Complex Type: PermanentTotal Units in Complex: 75Total Units in Letting Pool: 16Owner Occupy Units: 54Outside Agent Units: 4Lockup Units: 1Agreement Term Remaining: 10 years
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