Cleveland, Queensland

Low 3.8x Multiplier in a Great Location

$365k MR & $690k Unit = $1.055M

Business Description

🌊 Management Rights For Sale – Bayside Lifestyle Meets Steady Income

✔️ Lifestyle First
Enjoy the best of bayside Queensland in Cleveland – the gateway to stunning North Stradbroke Island and home to Raby Bay Marina, vibrant cafés, weekend markets, and family-friendly parks. Every day feels like a holiday while still being just 30 minutes from Brisbane.
• ▶ Solid & Steady Income
• 📊 Business: $365,000 at low low multiplier of 3.84
• 🏡 Manager’s Unit: $690,000
• 💰 Total Value: $1.055 million
• 📈 Net Profit: $95,051 p.a. | ROI: 9.01%
• 🔐 24-year agreement with Body Corporate
A strong history of top-ups by a supportive committee

✔️ Easy to Manage, Community-Centric
This well-kept complex offers a relaxed management structure—perfect for those easing into retirement or seeking lifestyle flexibility. Supportive residents and a proactive body corporate (with a history of top-ups) mean low stress and long-term stability.

✔️ Growing, Family-Friendly Location
Cleveland is thriving, with a new Industry School opening in 2026 and strong government investment in education and infrastructure. Add in major residential developments nearby, and demand for quality rentals is only set to grow.

✔️ What’s Inside:
• 🏠 Comfortable on-site single level Manager’s Unit
(must reside onsite)
• 🏘️ 42 Town house complex
• 💼 Letting pool of 9 units onsite + 2 external
• 🏖 Resort style Pool & BBQ area for residents
• 🤝 Great Body Corporate with proven MR support
• 🚶‍♂️ Walking distance to Cleveland Central & local shopping precincts

💡 Why You’ll Love It:
Cleveland Central offers the perfect mix of business security and bay side lifestyle. With supportive owners, a stable letting pool, and a low-maintenance workload, this is a management rights opportunity that truly delivers freedom and income.

📞 Enquire now to secure your place in one of Brisbane’s most desirable bay side communities.

** Ras360 Property Solutions – Specialists in Management Rights | Motels | Hotels | Pubs | Parks **

Business Summary

Business Snapshot

Price: $365k MR & $690k Unit = $1.055M Net Profit: $95,051 Remuneration / Body Corp Salary: $81,400

Managers Unit

Value of Managers Apartment: $690,000Bedrooms: 3Bathrooms: 1Car Spaces: 1

Complex Information

Complex Type: PermanentTotal Units in Complex: 42Total Units in Letting Pool: 9Owner Occupy Units: 29Outside Agent Units: 4Agreement Term: 25 yearsAgreement Term Remaining: 24 years

Marketing Agent

Joel McCartin

0407 83....

Ras360

Key Investment Insights

Key Insights:

1. Low Multiplier: The business is being offered at a low multiplier of 3.8x, making it a great value for potential buyers.

2. Great Location: The business is located in Cleveland, a popular bayside area in Queensland with easy access to North Stradbroke Island and other amenities. It is also just 30 minutes from Brisbane, making it an ideal location for those seeking a relaxed lifestyle.

3. Steady Income: The business offers a solid and steady income, with a net profit of $95,051 per year and a return on investment of 9.01%.

4. Easy to Manage: The complex has a relaxed management structure, making it easy to manage and ideal for those seeking lifestyle flexibility.

5. Supportive Community: The residents and body corporate are supportive, making for a low-stress and stable management experience.

6. Growing Location: Cleveland is a growing and family-friendly location, with strong government investment in education and infrastructure. This means there is a high demand for quality rentals, making it a great opportunity for potential buyers.

7. On-site Manager's Unit: The on-site manager's unit is a comfortable single level apartment and must be occupied by the manager.

8. Letting Pool: The complex has a letting pool of 9 units onsite and 2 external units, providing a stable source of income.

9. Resort-style Amenities: The complex offers resort-style amenities such as a pool and BBQ area for residents, adding to its appeal for potential buyers.

10. Proven MR Support: The body corporate has a history of top-ups, providing further stability and support for the management rights business.

11. Walking Distance to Amenities: The complex is within walking distance to Cleveland Central and local shopping precincts, making it convenient for residents.

12. Freedom and Income: The business offers a mix of business security and lifestyle freedom, making it an attractive opportunity for potential buyers.

13. Specialists in Management

Management Rights Multiplier: 3.84
ROI Estimate: 26.04%