Cleveland, Queensland
Fantastic Opportunity with No Requirement to Live Onsite
REDUCED TO $1.040M, $350k MR & $690k Unit
Business Description
🌊 Management Rights For Sale – Bayside Lifestyle Meets Steady Income
✔️ What’s Inside:
• 🏠 Comfortable single level Manager’s Unit
(do not need to reside onsite, can be rented out for approx. $600/week)
• 🏘️ 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
✔️ Lifestyle First
Enjoy the best of bay side 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: $350,000 at low low multiplier of 3.59
• 🏡 Manager’s Unit: $690,000
• 💰 Total Value: $1.040 million
• 📈 Net Profit: $97,419 p.a.
ROI: 9.34%
ROI: 12.37% if renting the managers unit at $600/week
• 🔐 24-year agreement with Body Corporate
A strong history of top-ups by a supportive committee
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current owners do not sell
ADD REAL ESTATE SALES
7 Sales in complex in last 12 months
Average Price $710,000
Potential Commission $100k plus
Start your real estate career!!!
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✔️ 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.
💡 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 **
*The net profit of $97,419 for the business, includes income from external letting income. The net profit for the complex has been priced at a 3.66x multiplier, and the external letting income has been priced separately at a 2.5x multiplier. This gives a total business price equal to a blended multiple of 3.59x net profit. All offers should be submitted with the external letting income taken into account.
Business Summary
Business Snapshot
Price: REDUCED TO $1.040M, $350k MR & $690k Unit
Net Profit: $97,419 Remuneration / Body Corp Salary: $76,375
Managers Unit
Value of Managers Apartment: $690,000Bedrooms: 3Bathrooms: 1Car Spaces: 1Complex 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
Key Investment Insights
1. Manager not required to live onsite, manager’s unit can be rented for approx $600 per week, boosting ROI to 12.37 percent.
2. Business priced at $1.04 million, comprising $350,000 management rights and $690,000 manager’s unit, sale multiplier 3.59 of net profit.
3. Net profit $97,419 per annum, with stated remuneration/body corporate salary of $76,375.
4. Long term agreement with body corporate, 25 year agreement originally, 24 years remaining, indicating contract stability.
5. Strong body corporate support with a proven history of top-ups, reducing financial risk and supporting operational cashflow.
6. Complex size 42 townhouses, letting pool of 9 onsite units plus 2 external units, owner occupied 29 units, outside agents manage 4 units.
7. Resort style pool and BBQ area, offering amenity that supports resident retention and marketing to tenants and buyers.
8. Manager’s apartment specifications: 3 bedrooms, 1 bathroom, 1 car space, offering rental income or owner occupancy options.
9. Prime bayside location in Cleveland, walking distance to Cleveland Central and local shopping, near Raby Bay Marina and North Stradbroke Island, 30 minutes to Brisbane.
10. Local market activity demonstrates liquidity, 7 sales in the complex in the last 12 months, average sale price $710,000, potential commission over $100,000.
11. Growth drivers in the
Management Rights Multiplier: 3.75
ROI Estimate: 26.69%
