Cleveland, Queensland

Wow Rare Business Only Opportunity on Great $162k Nett

Price Reduced Now only $599.9k @ 3.7x

Business Description

This is a rare chance to secure the business-only management rights to Island Park Gardens, a well-established townhouse community in Cleveland. With 75 townhouses in the complex, 18 in the letting pool, and a further 14 external properties under management, this business offers both scale and diversity of income.

⚙️ The streamlined operation is highly efficient, with the caretaking workload well matched to the generous Body Corporate salary. The numbers tell the story:
💰 Net Profit: $162,169 (accountant verified)
💵 Asking Price: $599,999 (3.7x multiple)
📈 ROI: approx. 27%

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current owner does not sell
ADD REAL ESTATE SALES
7 Sales in last 12 months
Average Price $750,000
Potential Commission $100k plus
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📝 The agreements have just been topped up to 10 years, and with the manager’s unit now decoupled, this is a pure business-only opportunity. The move was strongly supported by the Body Corporate committee – ensuring long-term stability and alignment with the incoming manager.

The included equipment has been thoughtfully built up by the current owner with the purpose of efficient work, so overheads are kept to a minimum. This makes Island Park Gardens an excellent option for either an experienced operator seeking a low-maintenance business or a first-time buyer looking for security and strong returns.

🌊 Cleveland itself is a thriving bay side location, prized for its lifestyle, amenities, and easy access to Brisbane. Opportunities of this calibre in the Redlands are tightly held and rarely offered to market.

🔑 Key Highlights
🏢 Business only – no unit purchase required
⏳ Recently topped up to 10 years
🤝 Fully supportive committee
💼 Generous Body Corporate salary with manageable workload
💰 Nett Profit: $162k
💵 Asking Price: $599k (3.7x multiple)

Island Park Gardens represents an outstanding blend of lifestyle and income. With long agreements, minimal overheads, and excellent returns, this is a standout business in today’s market.

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

The External Letting is all in the same region and are all long term tenants that are easily managed
*The accountant-prepared Profit & Loss Statement shows a net profit of $162,169 for the business, including income from external letting income. The net profit for the complex has been priced at a 3.87x 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 3.7x net profit. All offers should be submitted on the basis of this calculation, with the understanding that the external letting income has already been taken into account when setting the listing price.

Business Summary