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 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: $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
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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.
✔️ What’s Inside:
• 🏠 Comfortable on-site 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
💡 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: 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. Low multiplier of 3.84, business price $365,000, manager’s unit valued at $690,000, total sale value $1.055 million.
2. Net profit $95,051 per annum, reported ROI 9.01 percent.
3. Remuneration / body corporate salary $81,400 per annum, contributing to owner income stability.
4. Long management agreement with body corporate, 25 year term with 24 years remaining, indicating contract security.
5. Proven body corporate support with a history of top-ups, reducing revenue volatility and supporting cashflow.
6. Complex scale and composition: 42 townhouses, predominantly owner occupied with 29 owner occupied units and 4 managed by outside agents, indicating community stability.
7. Letting pool described as nine onsite units, with mention of two external units in the listing, providing a stable but limited rental base.
8. Manager’s unit is a single level three bedroom apartment, can be owner occupied or rented at about $600 per week, offering flexibility and additional income potential.
9. Strong location appeal, Cleveland is bayside, gateway to North Stradbroke Island, walking distance to Cleveland Central and local shopping, and 30 minutes from Brisbane.
10. Local growth drivers include major residential developments, a new Industry School opening in 2026, and government investment in education and infrastructure, supporting future rental demand.
11. Onsite resort style amenities including pool and BBQ area, enhancing tenant attraction and letting potential.
12. Recent real estate activity in the complex with seven sales in the last 12 months, average sale price $710,000, potential vendor commission upside cited at $100,000 plus.
Management Rights Multiplier: 3.84
ROI Estimate: 26.04%
