Cleveland, Queensland
Asking $1.55mil, Stunning Permanent Management Rights Centrally in Cleveland
$1,545,800
Business Description
Net Income $170,505 for $795,800
Manager Residence at $750,000
Totally Asking $1,545,800
Elegant Complex
Perfectly located in Cleveland, a highly sought after position - a quiet and leafy community, just a short stroll to large shopping towns, medical, CBD, schools, transport, the Harbour Precinct and a wide array of amenities, everything is only moments away.
Appr. 25 min ride to Garden City Westfield, Brisbane South Suburbs
Appr. 35min ride to South Bank Parkland, South Brisbane
Appr. 60min ride to Surfers Paradise Beach, Gold Coast
Good rental and very popular for renters.
Very Supportive BC
Good Relationship with BC in place
Great Remuneration
$124,136 with annual adjustment of CPI every April
Long Agreement
Still 23 years left on agreement
Modern and Stunning Manager Residence
A spacious size, two storey 3 beds, 2.5 baths, 3 carparks townhouses comfortably suits all your family's needs
- Fully fenced house with security
- Large backyard for big families
- big office and manager storage
Manager Unit has been rented at $600 per week, $31,200 annually
No Requirement of Residing Onsite
No requirement to live onsite
No set up office hours
Just contactable during working hours
This would be a perfect opportunity to secure a solid income and lifestyle business, it ticks all your boxes.
Please book your inspection immediately with our exclusive NEXT team.
Business Summary
Key Investment Insights
1. Asking price $1,545,800, comprising business asking $795,800 and manager residence valued at $750,000.
2. Reported net income $170,505, indicating immediate positive cashflow potential.
3. Guaranteed manager remuneration $124,136 with annual CPI adjustment each April, providing indexed income growth.
4. Manager residence currently rented at $600 per week, $31,200 p.a., offering additional rental income or owner-occupier flexibility.
5. Long-term security with approximately 23 years remaining on the management agreement.
6. No requirement to reside onsite, no set office hours, only requirement to be contactable during working hours, enabling lifestyle flexibility.
7. Modern, spacious two-storey manager residence, 3 beds, 2.5 baths, 3 carparks, fully fenced, large backyard, large office and manager storage, suited to families or investors.
8. Elegant, modern complex in a highly sought Cleveland location, described as quiet and leafy yet centrally placed.
9. Short walk to major amenities including shopping centres, medical facilities, CBD access, schools, transport and the Harbour Precinct, enhancing tenant appeal.
10. Good rental demand, described as popular with renters, supporting occupancy and revenue stability.
11. Proximity to major destinations, approximately 25 minutes to Garden City Westfield, 35 minutes to South Bank Parkland, and 60 minutes to Surfers Paradise, broadening market catchment.
12. Supportive body corporate and established good relationship with BC, reducing operational friction and governance risk.
